Stokes Capital Advisors LLC Trims Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Stokes Capital Advisors LLC reduced its holdings in Cheniere Energy by 5.9%, now owning 26,000 shares worth approximately $6.33 million.
• Cheniere Energy reported $7.30 EPS for the last quarter, significantly exceeding analysts' expectations of $2.35, with a revenue increase of 42.8% year-over-year.
• Several analysts have increased their price targets for Cheniere Energy stock, with Wells Fargo raising it from $267 to $284 and the consensus target now at $263.29.

Stokes Capital Advisors LLC reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the energy company's stock after selling 1,639 shares during the period. Stokes Capital Advisors LLC's holdings in Cheniere Energy were worth $6,332,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LNG. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at approximately $38,000. WPG Advisers LLC bought a new position in Cheniere Energy in the 1st quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $42,000. Finally, Tsfg LLC raised its position in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LNG. Barclays reissued 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. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday. They set an "outperform" rating and a $268.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Finally, Mizuho increased their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Stock Down 1.2%

Shares of NYSE:LNG traded down $2.92 during trading hours on Friday, hitting $231.42. The company's stock had a trading volume of 3,066,329 shares, compared to its average volume of 2,053,622. 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 company has a market capitalization of $50.86 billion, a price-to-earnings ratio of 13.51 and a beta of 0.43. The firm's fifty day moving average price is $234.89 and its 200 day moving average price is $231.59. Cheniere Energy, Inc. has a 52 week low of $177.56 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.84 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.