WealthPLAN Partners LLC Has $2.28 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

WealthPLAN Partners LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 43.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,054 shares of the energy company’s stock after acquiring an additional 3,933 shares during the quarter. WealthPLAN Partners LLC’s holdings in Cheniere Energy were worth $2,282,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Crewe Advisors LLC bought a new position in Cheniere Energy in the 1st quarter valued at approximately $26,000. MCF Advisors LLC bought a new position in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $28,000. Finally, Riverview Trust Co bought a new stake in Cheniere Energy during the 1st quarter worth $29,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LNG shares. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen lifted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Barclays raised their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Performance

LNG stock opened at $182.72 on Tuesday. The firm has a market cap of $41.83 billion, a PE ratio of 8.90 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The stock has a 50-day moving average price of $180.38 and a 200-day moving average price of $167.15. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping the consensus estimate of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter last year, the firm posted $5.61 earnings per share. The firm’s revenue was down 19.6% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy declared that its board has initiated a share buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Cheniere Energy Company 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.