Wealthcare Capital Partners LLC Buys Shares of 858 Cheniere Energy, Inc. $LNG

Wealthcare Capital Partners LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 858 shares of the energy company’s stock, valued at approximately $209,000.

Several other large investors have also recently bought and sold shares of LNG. Pinnacle Bancorp Inc. boosted its stake in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hilltop National Bank bought a new position in Cheniere Energy during the second quarter worth $28,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the first quarter valued at $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy in the first quarter valued at about $38,000. Finally, Tsfg LLC boosted its holdings in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after buying an additional 169 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $232.15 on Friday. The stock has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.55 and a beta of 0.37. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock’s 50 day moving average price is $235.51 and its two-hundred day moving average price is $232.89.

Cheniere Energy (NYSE:LNG) last released its 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. 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 the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company earned $3.84 EPS. Cheniere Energy’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays restated an “overweight” rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Wells Fargo & Company raised their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Bank of America boosted their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $263.60.

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.