Wealth Enhancement Advisory Services LLC Boosts Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Wealth Enhancement Advisory Services LLC increased its position in Cheniere Energy, Inc. by 27.1%, owning 97,782 shares valued at $23.43 million as of the end of the second quarter.
• Cheniere Energy posted a strong earnings report with $7.30 EPS, significantly surpassing expectations and reflecting a 42.8% revenue increase year-over-year.
• Multiple brokerages have reaffirmed positive outlooks on Cheniere Energy, with price targets reaching as high as $288.00 and an overall consensus rating of "Buy".

Wealth Enhancement Advisory Services LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,782 shares of the energy company's stock after purchasing an additional 20,863 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Cheniere Energy were worth $23,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. REAP Financial Group LLC lifted its holdings in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at about $38,000. WPG Advisers LLC bought a new position in Cheniere Energy in the 1st quarter worth about $38,000. Ameriflex Group Inc. acquired a new stake in Cheniere Energy during the fourth quarter valued at approximately $42,000. Finally, Tsfg LLC lifted its position in Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after buying an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.2%

LNG traded down $2.92 during trading on Friday, reaching $231.42. 3,066,329 shares of the stock traded hands, compared to its average volume of 1,534,357. Cheniere Energy, Inc. has a fifty-two week low of $177.56 and a fifty-two week high of $257.65. 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 stock has a market cap of $50.86 billion, a price-to-earnings ratio of 13.51 and a beta of 0.43. The stock's 50-day simple moving average is $234.82 and its two-hundred day simple moving average is $231.87.

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

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research reports. Mizuho upped their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. TD Cowen lifted their target price 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. Barclays reissued an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. One research 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 company. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and a consensus target price of $263.60.

About Cheniere Energy

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.