Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Cheniere Energy, Inc. $LNG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying 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 about $28,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth about $38,000. WPG Advisers LLC acquired a new position in Cheniere Energy during the first quarter worth about $38,000. Finally, Tsfg LLC boosted its position in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Barclays reaffirmed an “overweight” rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $263.60.

Cheniere Energy Stock Performance

Shares of LNG opened at $232.15 on Friday. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The company has a market capitalization of $51.02 billion, a PE ratio of 13.55 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. The company has a 50-day simple moving average of $235.51 and a 200-day simple moving average of $232.89.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.48 billion. During the same quarter in the prior year, the firm earned $3.84 earnings per share. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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.