American Money Management LLC increased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,385 shares of the energy company’s stock after purchasing an additional 870 shares during the quarter. American Money Management LLC’s holdings in Cheniere Energy were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of LNG. The Manufacturers Life Insurance Company boosted its holdings in Cheniere Energy by 29.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock worth $416,024,000 after buying an additional 1,378,792 shares during the period. American Century Companies Inc. raised its position in shares of Cheniere Energy by 21.0% during the 1st quarter. American Century Companies Inc. now owns 3,295,093 shares of the energy company’s stock valued at $225,253,000 after buying an additional 571,079 shares in the last quarter. Key Square Capital Management LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at about $38,754,000. Van ECK Associates Corp raised its position in shares of Cheniere Energy by 15,294.5% during the 2nd quarter. Van ECK Associates Corp now owns 456,293 shares of the energy company’s stock valued at $31,233,000 after buying an additional 453,329 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Cheniere Energy by 9,011.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 410,000 shares of the energy company’s stock valued at $28,028,000 after buying an additional 405,500 shares in the last quarter.
A number of research firms recently weighed in on LNG. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price objective on the stock. in a research report on Thursday. Cowen restated an “outperform” rating and issued a $80.00 target price (up from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Finally, BTIG Research initiated coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $76.38.
Shares of Cheniere Energy stock traded up $1.10 during trading hours on Friday, hitting $65.20. The company had a trading volume of 13,781 shares, compared to its average volume of 1,773,211. Cheniere Energy, Inc. has a twelve month low of $55.09 and a twelve month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) EPS.
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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