Cheniere Energy, Inc. $LNG Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,076 shares of the energy company’s stock after acquiring an additional 656 shares during the period. Sagespring Wealth Partners LLC’s holdings in Cheniere Energy were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock valued at $4,844,995,000 after buying an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after buying an additional 534,033 shares in the last quarter. Invesco Ltd. lifted its position in Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock valued at $737,149,000 after buying an additional 359,435 shares in the last quarter. Finally, Amundi lifted its position in Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock valued at $595,245,000 after buying an additional 7,297 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Barclays reissued an “overweight” rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Mizuho boosted 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. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $266.93.

Cheniere Energy Stock Down 2.3%

Shares of NYSE:LNG opened at $220.04 on Friday. 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 fifty day simple moving average of $234.26 and a 200 day simple moving average of $232.82. The firm has a market cap of $48.36 billion, a PE ratio of 12.85 and a beta of 0.37. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.84 earnings per share. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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.