WealthPLAN Partners LLC Lowers Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• WealthPLAN Partners LLC reduced its holdings in Cheniere Energy by 48.8% in the second quarter, selling 3,715 shares and ending with 3,900 shares valued at $950,000.
• Cheniere Energy's recent earnings report revealed an EPS of $7.30, significantly surpassing estimates, with a revenue of $4.64 billion, up 42.8% year-over-year.
• Analysts currently favor Cheniere Energy, with the average rating being "Buy" and a consensus target price of $266.93.

WealthPLAN Partners LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 48.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the energy company's stock after selling 3,715 shares during the quarter. WealthPLAN Partners LLC's holdings in Cheniere Energy were worth $950,000 at the end of the most recent reporting period.

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

Cheniere Energy Price Performance

NYSE:LNG opened at $225.77 on Thursday. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $49.62 billion, a PE ratio of 13.18 and a beta of 0.37. The stock has a 50 day moving average price of $234.57 and a 200 day moving average price of $232.90.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating 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 analysts' expectations of $4.48 billion. During the same quarter last year, the firm earned $3.84 earnings per share. The business's revenue for the quarter was up 42.8% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Ratings Changes

LNG has been the topic of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Zacks Research upgraded Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price on the stock. Finally, Bank of America raised their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Two 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $266.93.

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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