waypoint wealth counsel Takes $289,000 Position in Cheniere Energy, Inc. $LNG

Key Points

• Waypoint Wealth Counsel has acquired a new stake in Cheniere Energy, purchasing 1,187 shares valued at approximately $289,000.
• Cheniere Energy recently reported a quarterly earnings per share of $7.30, significantly exceeding analysts' estimates of $2.35, alongside a revenue increase of 42.8% year-over-year.
• The stock has been rated positively by multiple analysts, with a consensus rating of "Buy" and a target price averaging around $263.60.

waypoint wealth counsel bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,187 shares of the energy company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in Cheniere Energy during the second quarter valued at $384,806,000. Nuveen LLC bought a new position in shares of Cheniere Energy in the 1st quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 12.9% in the 1st 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 lifted its holdings in shares of Cheniere Energy by 33.1% in the 1st 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. Finally, Royal Bank of Canada lifted its holdings in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock valued at $554,265,000 after acquiring an additional 488,994 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.7%

NYSE:LNG opened at $227.56 on Friday. Cheniere Energy, Inc. has a twelve month low of $180.62 and a twelve month high of $257.65. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37. The stock has a fifty day simple moving average of $235.33 and a 200-day simple moving average of $232.94. 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 (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, 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 during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the business posted $3.84 EPS. The firm's revenue for the quarter was up 42.8% on a year-over-year basis. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on LNG. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Zacks Research upgraded Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday. BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price for the company. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $263.60.

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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