McElhenny Sheffield Capital Management LLC Invests $5.60 Million in Cheniere Energy, Inc. $LNG

Key Points

• McElhenny Sheffield Capital Management LLC has invested approximately $5.60 million in Cheniere Energy, acquiring 23,000 shares in the second quarter, according to their Form 13F filing.
• Wall Street analysts are optimistic about Cheniere Energy, with price targets raised by major firms including Mizuho and Bank of America, reflecting an overall consensus rating of "Buy".
• Cheniere Energy reported earnings of $7.30 per share in their last quarter, significantly beating expectations and reflecting a 42.8% increase in revenue year-over-year.

McElhenny Sheffield Capital Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,000 shares of the energy company's stock, valued at approximately $5,601,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $335,000. Park Avenue Securities LLC increased its stake in Cheniere Energy by 26.9% in the 1st quarter. Park Avenue Securities LLC now owns 6,609 shares of the energy company's stock valued at $1,529,000 after purchasing an additional 1,403 shares in the last quarter. Daymark Wealth Partners LLC purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $432,000. Farther Finance Advisors LLC increased its stake in Cheniere Energy by 28.9% in the 1st quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company's stock valued at $175,000 after purchasing an additional 170 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $1,053,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Mizuho raised their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Bank of America raised their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Zacks Research raised Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Price Performance

LNG stock opened at $235.65 on Thursday. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The stock's fifty day simple moving average is $235.64 and its 200-day simple moving average is $232.99. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $51.79 billion, a price-to-earnings ratio of 13.76 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter last year, the firm earned $3.84 earnings per share. The firm's revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Company 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.

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