Prime Capital Investment Advisors LLC Has $7.18 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Prime Capital Investment Advisors LLC has reduced its position in Cheniere Energy, Inc. by 14.5% during the second quarter, now holding 29,463 shares valued at approximately $7.18 million.
• Analysts have maintained a positive outlook on Cheniere Energy, with multiple firms issuing "buy" ratings and raising the price target to as high as $271.00.
• Cheniere Energy reported a significant earnings beat with $7.30 EPS for the last quarter, surpassing the consensus estimate by $4.95 and achieving a revenue increase of 42.8% year-over-year.

Prime Capital Investment Advisors LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,463 shares of the energy company's stock after selling 5,016 shares during the period. Prime Capital Investment Advisors LLC's holdings in Cheniere Energy were worth $7,175,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its holdings in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock worth $25,000 after buying an additional 59 shares in the last quarter. Hilltop National Bank bought a new stake in Cheniere Energy in the second quarter valued at $28,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy during the first quarter valued at $38,000. Finally, Tsfg LLC boosted its stake in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Barclays reissued an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America raised their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Cheniere Energy in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $263.60.

Cheniere Energy Stock Performance

LNG stock opened at $233.01 on Tuesday. The company has a 50 day moving average price of $235.60 and a 200 day moving average price of $232.95. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $51.21 billion, a PE ratio of 13.60 and a beta of 0.37.

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. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. During the same period last year, the firm earned $3.84 EPS. The business's revenue for the quarter was up 42.8% on a year-over-year basis. Analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.

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