Signal Advisors Wealth LLC Has $224,000 Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Signal Advisors Wealth LLC reduced its stake in Cheniere Energy, Inc. by 86%, holding only 919 shares after selling 5,660 shares in the second quarter, with total holdings valued at $224,000.
• Cheniere Energy reported a huge earnings beat for the quarter, with earnings per share of $7.30, far surpassing analyst estimates of $2.35, alongside a revenue increase of 42.8% year-over-year.
• Analyst coverage remains positive, with several firms issuing buy ratings and setting price targets above $260, indicating strong future performance expectations for the company.

Signal Advisors Wealth LLC decreased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 919 shares of the energy company's stock after selling 5,660 shares during the quarter. Signal Advisors Wealth LLC's holdings in Cheniere Energy were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNG. Nuveen LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company's stock valued at $470,151,000 after acquiring an additional 504,960 shares during the last quarter. Royal Bank of Canada raised its holdings in Cheniere Energy by 25.7% during the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock worth $554,265,000 after acquiring an additional 488,994 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Cheniere Energy by 346.6% during the first quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company's stock valued at $131,580,000 after purchasing an additional 441,296 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays restated an "overweight" rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a research note on Friday. They issued an "outperform" rating and a $268.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $263.60.

Cheniere Energy Price Performance

Shares of LNG stock traded up $5.94 during trading hours on Tuesday, reaching $236.74. The company's stock had a trading volume of 698,442 shares, compared to its average volume of 2,044,227. Cheniere Energy, Inc. has a fifty-two week low of $177.56 and a fifty-two week high of $257.65. The firm's 50 day simple moving average is $234.60 and its 200-day simple moving average is $231.95. 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 company has a market capitalization of $52.03 billion, a price-to-earnings ratio of 13.82 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping 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 business 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. Cheniere Energy's revenue for the quarter was up 42.8% on a year-over-year basis. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share 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.