Spectrum Strategic Capital Management LLC Makes New $1.13 Million Investment in Cheniere Energy, Inc. $LNG

Key Points

• Spectrum Strategic Capital Management LLC made a new investment of $1.13 million in Cheniere Energy, purchasing 4,646 shares, which represents around 0.6% of their investment portfolio.
• Analysts are optimistic about Cheniere Energy, with multiple price target increases, including a new price target of $271.00 set by Bank of America, along with a consensus rating of "Buy."
• Cheniere Energy reported impressive earnings, with a net income of $7.30 EPS for the latest quarter, significantly exceeding analysts' expectations and reflecting a 42.8% year-over-year revenue growth.

Spectrum Strategic Capital Management LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,646 shares of the energy company's stock, valued at approximately $1,131,000. Cheniere Energy accounts for about 0.6% of Spectrum Strategic Capital Management LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. Altman Advisors Inc. grew its position in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after purchasing an additional 43 shares during the period. Greenleaf Trust grew its position in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management grew its position in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after purchasing an additional 48 shares during the period. Brooklyn Investment Group grew its position in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after purchasing an additional 48 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock worth $314,000 after purchasing an additional 52 shares during the period. Institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNG shares. BMO Capital Markets started coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an "outperform" rating and a $268.00 price target on the stock. Barclays reiterated an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $263.60.

Cheniere Energy Stock Down 1.1%

LNG opened at $235.72 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $177.79 and a fifty-two week high of $257.65. The firm's fifty day moving average is $234.84 and its 200 day moving average is $232.72. The stock has a market cap of $51.80 billion, a price-to-earnings ratio of 13.76 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the previous year, the company earned $3.84 EPS. Cheniere Energy's revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share 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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