Wetherby Asset Management Inc. increased its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the energy company’s stock after purchasing an additional 240 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Cheniere Energy were worth $321,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC lifted its holdings in Cheniere Energy by 7.3% in the first quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock valued at $248,000 after buying an additional 248 shares during the period. Altman Advisors Inc. raised its holdings in Cheniere Energy by 0.9% in the second quarter. Altman Advisors Inc. now owns 31,055 shares of the energy company’s stock worth $2,126,000 after purchasing an additional 276 shares during the period. CIBC World Markets Inc. raised its holdings in Cheniere Energy by 3.2% in the first quarter. CIBC World Markets Inc. now owns 9,758 shares of the energy company’s stock worth $667,000 after purchasing an additional 303 shares during the period. Berman Capital Advisors LLC raised its holdings in Cheniere Energy by 125.3% in the first quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after purchasing an additional 322 shares during the period. Finally, American Money Management LLC raised its holdings in Cheniere Energy by 1.3% in the first quarter. American Money Management LLC now owns 24,515 shares of the energy company’s stock worth $1,676,000 after purchasing an additional 325 shares during the period.
Shares of NYSEAMERICAN:LNG traded down $0.47 during midday trading on Friday, reaching $62.34. 2,216,130 shares of the company were exchanged, compared to its average volume of 1,794,552. Cheniere Energy, Inc. has a fifty-two week low of $55.09 and a fifty-two week high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year.
Several equities research analysts have weighed in on LNG shares. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, July 2nd. BTIG Research started coverage on shares of Cheniere Energy in a report on Tuesday, July 16th. They issued a “neutral” rating on the stock. Cowen reiterated an “outperform” rating and issued a $80.00 target price (up from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Finally, Gabelli started coverage on shares of Cheniere Energy in a report on Monday, May 13th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $77.80.
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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