Sequoia Financial Advisors LLC Raises Stake in Cheniere Energy, Inc. $LNG

Key Points

• Sequoia Financial Advisors LLC increased its stake in Cheniere Energy by 1.0% in Q2, owning approximately $36.3 million worth of the stock as of the latest SEC filing.
• Cheniere Energy reported strong Q2 earnings with an EPS of $7.30, significantly surpassing the consensus estimate of $2.35, and revenue growth of 42.8% year-over-year.
• Research analysts have a positive outlook on Cheniere Energy, with two Strong Buy ratings and a consensus price target of $263.60.

Sequoia Financial Advisors LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,202 shares of the energy company's stock after buying an additional 1,487 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.07% of Cheniere Energy worth $36,334,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its holdings in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after acquiring an additional 59 shares during the period. Hilltop National Bank acquired a new position in Cheniere Energy in the second quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new position in Cheniere Energy in the second quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy in the first quarter valued at approximately $38,000. Finally, WPG Advisers LLC acquired a new position in Cheniere Energy in the first quarter valued at approximately $38,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 1.7%

NYSE LNG opened at $227.56 on Monday. The business has a fifty day moving average price of $235.33 and a 200 day moving average price of $232.99. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The company has a market cap of $50.01 billion, a P/E ratio of 13.28 and a beta of 0.37.

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 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 firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the company earned $3.84 EPS. The firm's revenue was up 42.8% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LNG shares. Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. BMO Capital Markets assumed coverage on Cheniere Energy in a research note on Friday, September 19th. They set an "outperform" rating and a $268.00 target price for the company. Bank of America upped their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $263.60.

About Cheniere Energy

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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