Cheniere Energy, Inc. $LNG Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 7.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,760 shares of the energy company’s stock after selling 299 shares during the period. Balboa Wealth Partners’ holdings in Cheniere Energy were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its stake in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Cheniere Energy in the second quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the second quarter worth approximately $30,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth $38,000. Finally, WPG Advisers LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at $38,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LNG. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Barclays reiterated an “overweight” rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $266.93.

Cheniere Energy Trading Down 0.6%

NYSE LNG opened at $218.67 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $48.06 billion, a P/E ratio of 12.77 and a beta of 0.37. The firm’s 50-day moving average is $234.02 and its two-hundred day moving average is $232.81. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

About Cheniere Energy

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.