Turtle Creek Wealth Advisors LLC Acquires New Stake in Cheniere Energy, Inc. $LNG

Key Points

• Turtle Creek Wealth Advisors LLC has acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) worth approximately $675,000 by purchasing 2,770 shares in the second quarter.
• Cheniere Energy's stock has received multiple upgrades from analysts, with target prices increasing to as high as $288.00, reflecting strong market confidence in the company's performance.
• The company's latest earnings report showed an impressive EPS of $7.30 for the quarter, significantly exceeding the consensus estimate and indicating a 42.8% revenue growth compared to the previous year.

Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,770 shares of the energy company's stock, valued at approximately $675,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock valued at $301,804,000 after acquiring an additional 282,050 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Cheniere Energy in the 1st quarter worth $529,000. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Cheniere Energy by 7.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after buying an additional 105,875 shares during the period. Fractal Investments LLC lifted its holdings in shares of Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock worth $17,490,000 after buying an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after buying an additional 1,630 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LNG shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday, October 8th. 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 report on Wednesday, June 25th. Mizuho upped their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of "Buy" and a consensus price target of $266.93.

Cheniere Energy Trading Down 2.3%

LNG opened at $220.04 on Friday. The firm has a market cap of $48.36 billion, a price-to-earnings ratio of 12.85 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The stock has a fifty day moving average price of $234.26 and a 200-day moving average price of $232.82.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS 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 firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company posted $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities research analysts anticipate 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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