New Wave Wealth Advisors LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

New Wave Wealth Advisors LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,511 shares of the energy company’s stock, valued at approximately $614,000.

Other institutional investors have also modified their holdings of the company. Quarry LP lifted its stake in shares of Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after purchasing an additional 186 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Cheniere Energy by 49.3% in the 4th quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock worth $563,000 after buying an additional 1,089 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Cheniere Energy in the 4th quarter valued at about $163,000. Chicago Partners Investment Group LLC increased its position in shares of Cheniere Energy by 9.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock worth $4,086,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Syon Capital LLC lifted its stake in shares of Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen boosted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.25.

Cheniere Energy Trading Up 0.1 %

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

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.52 billion. During the same quarter in the prior year, the firm posted $5.61 earnings per share. The company’s revenue was down 19.6% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has initiated a share buyback program on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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.