Comerica Bank decreased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,958 shares of the energy company’s stock after selling 174 shares during the quarter. Comerica Bank’s holdings in Cheniere Energy were worth $725,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its position in Cheniere Energy by 5.4% during the second 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 in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Cheniere Energy by 7.3% in the first quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock worth $248,000 after purchasing an additional 248 shares during the last quarter. Altman Advisors Inc. raised its stake in shares of 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 last quarter. CIBC World Markets Inc. raised its stake in shares of 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 last quarter. Finally, Berman Capital Advisors LLC raised its stake in shares of 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 last quarter.
LNG has been the topic of several analyst reports. Cowen reaffirmed an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Zacks Investment Research lowered Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price objective on the stock. in a report on Thursday. Finally, BTIG Research began coverage on Cheniere Energy in a report on Tuesday, July 16th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $76.38.
Shares of LNG stock traded up $1.35 during trading hours on Friday, reaching $65.45. 2,002,529 shares of the company’s stock were exchanged, compared to its average volume of 1,773,211. Cheniere Energy, Inc. has a 1 year low of $55.09 and a 1 year high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings data 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 analyst estimates of $2.21 billion. The firm’s revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS.
About Cheniere Energy
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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