Hager Investment Management Services LLC Has $1.78 Million Stock Position in Cheniere Energy, Inc. $LNG

Hager Investment Management Services LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,324 shares of the energy company’s stock after buying an additional 256 shares during the period. Hager Investment Management Services LLC’s holdings in Cheniere Energy were worth $1,784,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LNG. Pinnacle Bancorp Inc. boosted its position 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 Cheniere Energy in the second quarter valued at approximately $28,000. Cooksen Wealth LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy during the first quarter valued at $38,000. Finally, Tsfg LLC raised its stake in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $235.65 on Thursday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The company’s 50 day moving average price is $235.64 and its two-hundred day moving average price is $232.99. 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 stock has a market cap of $51.79 billion, a P/E ratio of 13.76 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted 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 firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter last year, the firm earned $3.84 EPS. The company’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

LNG has been the subject of several analyst reports. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. TD Cowen lifted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Barclays reissued an “overweight” rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Finally, Mizuho lifted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.