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

Cornerstone Wealth Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,119 shares of the energy company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $210,000. Kathmere Capital Management LLC acquired a new position in Cheniere Energy during the second quarter valued at approximately $214,000. Creative Planning bought a new stake in Cheniere Energy in the second quarter valued at approximately $276,000. Northwestern Mutual Wealth Management Co. raised its holdings in Cheniere Energy by 26.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock worth $1,216,000 after purchasing an additional 1,453 shares during the period. Finally, Quarry LP boosted its position in shares of Cheniere Energy by 10.2% during the second quarter. Quarry LP now owns 982 shares of the energy company’s stock worth $172,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $224.00 on Tuesday. The firm has a market cap of $50.26 billion, a PE ratio of 14.30 and a beta of 0.99. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The company’s fifty day simple moving average is $222.57 and its 200-day simple moving average is $197.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 EPS. Equities research analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on LNG. Royal Bank of Canada upped their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. TD Cowen increased their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.36.

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.