Cornerstone Wealth Group LLC Makes New $240,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Cornerstone Wealth Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,119 shares of the energy company’s stock, valued at approximately $240,000.

Several other institutional investors also recently modified their holdings of LNG. Miracle Mile Advisors LLC bought a new position in Cheniere Energy during the fourth quarter worth about $2,127,000. Insight Wealth Strategies LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $4,455,000. Covea Finance boosted its stake in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after acquiring an additional 19,200 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $245,000. Finally, Anderson Hoagland & Co. bought a new stake in Cheniere Energy in the 4th quarter valued at $2,460,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $224.00 on Tuesday. The business has a fifty day moving average price of $222.57 and a two-hundred day moving average price of $197.94. The stock has a market capitalization of $50.26 billion, a PE ratio of 14.30 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 earnings per share. As a group, equities analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LNG shares. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays upped their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. TD Cowen increased their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $232.36.

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.