Graham Capital Wealth Management LLC Buys 1,380 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Graham Capital Wealth Management LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 29,390 shares of the energy company’s stock after buying an additional 1,380 shares during the period. Cheniere Energy comprises approximately 6.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Graham Capital Wealth Management LLC’s holdings in Cheniere Energy were worth $5,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fiera Capital Corp grew its stake in shares of Cheniere Energy by 28.1% in the second quarter. Fiera Capital Corp now owns 48,211 shares of the energy company’s stock worth $8,429,000 after acquiring an additional 10,582 shares during the last quarter. Quarry LP boosted its stake in Cheniere Energy by 10.2% during the second quarter. Quarry LP now owns 982 shares of the energy company’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Cheniere Energy by 26.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock worth $1,216,000 after buying an additional 1,453 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in Cheniere Energy during the second quarter worth $214,000. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in Cheniere Energy during the second quarter worth $201,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $196.25.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $179.84 on Tuesday. The stock has a 50-day simple moving average of $180.72 and a 200 day simple moving average of $168.91. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.44. The stock has a market capitalization of $41.17 billion, a price-to-earnings ratio of 8.76 and a beta of 0.95.

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

Cheniere Energy announced that its Board of Directors has authorized a stock buyback program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.