WealthTrust Asset Management LLC Purchases 1,151 Shares of Cheniere Energy, Inc. (NYSE:LNG)

WealthTrust Asset Management LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,902 shares of the energy company’s stock after acquiring an additional 1,151 shares during the quarter. Cheniere Energy accounts for 1.0% of WealthTrust Asset Management LLC’s portfolio, making the stock its 24th largest position. WealthTrust Asset Management LLC’s holdings in Cheniere Energy were worth $1,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LNG. Crewe Advisors LLC purchased a new position in Cheniere Energy during the 1st quarter valued at $26,000. MCF Advisors LLC bought a new stake in shares of Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the second quarter valued at $27,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 4th quarter worth about $28,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.2 %

LNG opened at $182.24 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 8.88 and a beta of 0.95. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44. The stock has a fifty day moving average price of $180.70 and a 200-day moving average price of $167.52.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm’s revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.61 earnings per share. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has approved a stock repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

LNG has been the subject of several research reports. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen boosted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Barclays upped their target price on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy 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.