Cheniere Energy, Inc. $LNG Stock Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 331,100 shares of the energy company’s stock after selling 6,700 shares during the period. Cheniere Energy makes up 4.1% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 5th biggest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Cheniere Energy were worth $89,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in shares of Cheniere Energy by 28.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,914 shares of the energy company’s stock worth $1,860,000 after acquiring an additional 1,515 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Cheniere Energy by 0.6% in the third quarter. Kingswood Wealth Advisors LLC now owns 12,969 shares of the energy company’s stock valued at $3,489,000 after acquiring an additional 78 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Cheniere Energy by 13.3% during the third quarter. Financial Management Professionals Inc. now owns 340 shares of the energy company’s stock valued at $92,000 after acquiring an additional 40 shares during the period. Trueblood Wealth Management LLC acquired a new position in shares of Cheniere Energy during the third quarter valued at approximately $215,000. Finally, Norris Perne & French LLP MI bought a new stake in Cheniere Energy during the third quarter worth approximately $2,281,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $300.74 on Tuesday. The company has a market capitalization of $62.11 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.19 and a beta of 0.06. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The stock has a fifty day moving average of $278.46 and a 200-day moving average of $252.82. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $302.45.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $7.30 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 16.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. UBS Group restated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $340.00 target price on shares of Cheniere Energy in a research note on Monday, October 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a report on Saturday, October 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $334.00 to $344.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.65.

Key Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: JPMorgan raised its price target to $344 and maintained the target as LNG traded below that level, suggesting additional upside potential. JPMorgan raises target for Cheniere Energy stock to USD 344
• Positive Sentiment: Bernstein reaffirmed an Outperform rating on Cheniere, adding to the constructive analyst sentiment around the stock. Cheniere Energy Stock Rating Reaffirmed as Outperform by Sanford C. Bernstein
• Positive Sentiment: QatarEnergy agreed to buy up to 4 million tonnes of U.S. LNG annually, highlighting continued demand for American LNG and potentially supporting the long-term market backdrop for Cheniere’s export operations. QatarEnergy signs deals to buy up to 4 million tonnes of US LNG annually
• Neutral Sentiment: Cheniere will report third-quarter results before the market opens on October 29. Analysts expect robust LNG demand and long-term contracts to support revenue, but operating costs, LNG price spreads and management commentary on Sabine Pass and potential Train 7 expansion will determine the market reaction. Cheniere Energy to Report Q3 Earnings: What’s in the Offing?
• Negative Sentiment: Qatar’s long-term purchase agreements may also intensify competition and raise questions about shifting global LNG leverage. With LNG shares already up substantially this year and near a high, any earnings miss or cautious outlook could trigger profit-taking. Qatar Deals vs. Global Shocks: What To Watch in Cheniere’s Q3 Report

Cheniere Energy Profile

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.