Rhumbline Advisers lowered its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,312 shares of the energy company’s stock after selling 11,093 shares during the period. Rhumbline Advisers owned 0.08% of Cheniere Energy worth $14,240,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd increased its holdings in shares of Cheniere Energy by 53.2% during the 4th quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock worth $27,000 after acquiring an additional 590 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $29,000. Claybrook Capital LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $35,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $41,000.
Cheniere Energy stock opened at $67.11 on Thursday. Cheniere Energy, Inc. has a 52 week low of $55.09 and a 52 week high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its earnings results on Thursday, May 9th. The energy company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.25. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Cheniere Energy’s quarterly revenue was up .8% compared to the same quarter last year.
LNG has been the topic of a number of research reports. Evercore ISI initiated coverage on Cheniere Energy in a report on Tuesday, March 12th. They issued an “outperform” rating on the stock. Scotiabank initiated coverage on Cheniere Energy in a research note on Friday, February 8th. They issued an “outperform” rating for the company. Finally, Gabelli initiated coverage on Cheniere Energy in a research note on Monday. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $77.36.
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Cheniere Energy Company 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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