RFG Advisory LLC Has $402,000 Holdings in Cheniere Energy, Inc. $LNG

RFG Advisory LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 8.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,650 shares of the energy company’s stock after purchasing an additional 130 shares during the quarter. RFG Advisory LLC’s holdings in Cheniere Energy were worth $402,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. boosted its holdings in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $38,000. Finally, WPG Advisers LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Mizuho raised their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company raised their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $266.93.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $218.67 on Friday. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. The company’s 50 day moving average price is $234.02 and its two-hundred day moving average price is $232.72. The firm has a market cap of $48.06 billion, a PE ratio of 12.77 and a beta of 0.37. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.48 billion. During the same period last year, the firm earned $3.84 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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.