MGO One Seven LLC Raises Stock Position in Cheniere Energy, Inc. $LNG

MGO One Seven LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,641 shares of the energy company’s stock after acquiring an additional 326 shares during the period. MGO One Seven LLC’s holdings in Cheniere Energy were worth $1,617,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altman Advisors Inc. boosted its holdings in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock valued at $2,348,000 after purchasing an additional 43 shares during the last quarter. Greenleaf Trust raised its stake in shares of Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock valued at $975,000 after acquiring an additional 46 shares during the period. Hemington Wealth Management raised its stake in shares of Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after acquiring an additional 48 shares during the period. Brooklyn Investment Group raised its stake in shares of Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after acquiring an additional 48 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock valued at $314,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.2%

Shares of NYSE:LNG opened at $225.77 on Thursday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The company’s 50 day moving average is $234.57 and its two-hundred day moving average is $232.90. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company has a market cap of $49.62 billion, a PE ratio of 13.18 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS 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 for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the firm posted $3.84 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LNG. Bank of America boosted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, 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 note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $266.93.

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.