Cheniere Energy, Inc. $LNG Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,067 shares of the energy company’s stock after purchasing an additional 872 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Cheniere Energy were worth $1,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in Cheniere Energy during the second quarter valued at $384,806,000. Nuveen LLC acquired a new stake in Cheniere Energy in the 1st quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA lifted its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after purchasing an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on LNG shares. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target for the company. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $263.60.

Cheniere Energy Price Performance

Shares of LNG opened at $232.15 on Friday. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.55 and a beta of 0.37. The business has a 50-day moving average of $235.51 and a 200-day moving average of $232.89. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.84 earnings per share. As a group, equities research 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.