Signature Estate & Investment Advisors LLC Purchases Shares of 42,182 Cheniere Energy, Inc. $LNG

Key Points

• Signature Estate & Investment Advisors LLC acquired 42,182 shares of Cheniere Energy, Inc., worth approximately $10.27 million, in the second quarter.
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly exceeding analysts' estimates of $2.35, and revenue increased 42.8% year-over-year.
• Research analysts have rated Cheniere Energy positively, with two analysts giving it a Strong Buy rating and an average target price of $266.93.

Signature Estate & Investment Advisors LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,182 shares of the energy company's stock, valued at approximately $10,272,000.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Cheniere Energy in the fourth quarter worth $335,000. GAMMA Investing LLC increased its position in Cheniere Energy by 9.5% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company's stock valued at $342,000 after acquiring an additional 128 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Cheniere Energy by 63.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company's stock valued at $17,800,000 after acquiring an additional 29,937 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Cheniere Energy during the first quarter valued at $200,000. Finally, Johnson Investment Counsel Inc. bought a new position in Cheniere Energy during the first quarter valued at $211,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. TD Cowen boosted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $266.93.

Cheniere Energy Stock Down 0.6%

NYSE:LNG opened at $218.67 on Friday. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The company has a 50-day moving average of $234.02 and a 200 day moving average of $232.72. The firm has a market cap of $48.06 billion, a PE ratio of 12.77 and a beta of 0.37. 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 released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior 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. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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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