Optimum Investment Advisors Sells 350 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

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Optimum Investment Advisors lessened its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 41.2% in the second quarter, HoldingsChannel reports. The fund owned 500 shares of the energy company’s stock after selling 350 shares during the period. Optimum Investment Advisors’ holdings in Cheniere Energy were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its position in Cheniere Energy by 5.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,687 shares of the energy company’s stock valued at $321,000 after purchasing an additional 240 shares during the last quarter. Cetera Advisor Networks LLC raised its position in Cheniere Energy by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock valued at $248,000 after purchasing an additional 248 shares during the last quarter. Altman Advisors Inc. raised its position in Cheniere Energy by 0.9% during the 2nd quarter. Altman Advisors Inc. now owns 31,055 shares of the energy company’s stock valued at $2,126,000 after purchasing an additional 276 shares during the last quarter. CIBC World Markets Inc. raised its position in Cheniere Energy by 3.2% during the 1st quarter. CIBC World Markets Inc. now owns 9,758 shares of the energy company’s stock valued at $667,000 after purchasing an additional 303 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its position in Cheniere Energy by 125.3% during the 1st quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock valued at $39,000 after purchasing an additional 322 shares during the last quarter.

A number of research firms have commented on LNG. Gabelli began coverage on Cheniere Energy in a research report on Monday, May 13th. They set a “buy” rating for the company. Cowen reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of Cheniere Energy in a research report on Tuesday, June 4th. BTIG Research began coverage on Cheniere Energy in a research report on Tuesday, July 16th. They set a “neutral” rating for the company. Finally, Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $77.80.

Shares of NYSEAMERICAN:LNG traded down $0.47 during trading on Friday, hitting $62.34. The stock had a trading volume of 2,216,130 shares, compared to its average volume of 1,794,552. Cheniere Energy, Inc. has a 12 month low of $55.09 and a 12 month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.59). The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the company earned ($0.07) earnings per share. The business’s quarterly revenue was up 48.5% on a year-over-year basis.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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