1,633,308 Shares in Cheniere Energy, Inc. $LNG Purchased by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $384.81 million in Cheniere Energy by acquiring about 1.63 million shares, representing a 0.74% ownership stake.
• Cheniere Energy reported a strong earnings performance with $7.30 earnings per share for the last quarter, significantly surpassing the consensus estimate of $2.35.
• Analysts maintain a generally positive outlook on Cheniere Energy, with an average Buy rating and a consensus target price of approximately $263.29.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,633,308 shares of the energy company's stock, valued at approximately $384,806,000. Kingstone Capital Partners Texas LLC owned about 0.74% of Cheniere Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IFM Investors Pty Ltd increased its holdings in Cheniere Energy by 1.8% during the second quarter. IFM Investors Pty Ltd now owns 56,858 shares of the energy company's stock valued at $13,846,000 after buying an additional 984 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Cheniere Energy by 53.0% during the second quarter. Fulton Bank N.A. now owns 2,588 shares of the energy company's stock worth $630,000 after acquiring an additional 897 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Cheniere Energy by 0.3% during the second quarter. NorthCrest Asset Manangement LLC now owns 35,100 shares of the energy company's stock worth $8,411,000 after acquiring an additional 107 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Cheniere Energy by 27.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 97,782 shares of the energy company's stock valued at $23,430,000 after purchasing an additional 20,863 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Cheniere Energy by 2.9% during the second quarter. Wedmont Private Capital now owns 2,896 shares of the energy company's stock valued at $683,000 after purchasing an additional 81 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LNG. Barclays reaffirmed an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Friday. They set an "outperform" rating and a $268.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy currently has an average rating of "Buy" and an average price target of $263.60.

Cheniere Energy Stock Down 0.3%

NYSE LNG traded down $0.65 on Monday, reaching $230.85. The company had a trading volume of 1,725,136 shares, compared to its average volume of 2,052,037. The firm has a market capitalization of $50.73 billion, a PE ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a 1 year low of $177.56 and a 1 year high of $257.65. The firm has a 50-day moving average of $234.82 and a 200-day moving average of $231.87. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business's revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.84 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.