Northside Capital Management LLC Makes New $20.36 Million Investment in Cheniere Energy, Inc. $LNG

Key Points

• Northside Capital Management LLC has made a new investment of approximately $20.36 million in Cheniere Energy, purchasing 83,605 shares, which constitutes 1.6% of its portfolio.
• Cheniere Energy reported strong quarterly earnings with an EPS of $7.30, surpassing analysts' expectations of $2.35, and had revenues of $4.64 billion.
• Analysts have a consensus Buy rating on Cheniere Energy, with target prices rising, from firms such as Mizuho and TD Cowen, indicating positive outlooks for the stock.

Northside Capital Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 83,605 shares of the energy company's stock, valued at approximately $20,359,000. Cheniere Energy makes up approximately 1.6% of Northside Capital Management LLC's portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $335,000. Vise Technologies Inc. acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $240,000. Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $42,000. REAP Financial Group LLC lifted its holdings in shares of Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $45,545,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Up 1.6%

Cheniere Energy stock opened at $234.51 on Wednesday. The stock has a market capitalization of $51.54 billion, a PE ratio of 13.69 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $177.56 and a 12 month high of $257.65. The business has a 50 day simple moving average of $234.58 and a 200-day simple moving average of $231.96. 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 posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 earnings per share. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on LNG shares. Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. TD Cowen boosted their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Barclays reissued an "overweight" rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $263.60.

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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