RPg Family Wealth Advisory LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 50,835 shares of the energy company’s stock, valued at approximately $3,480,000. Cheniere Energy accounts for approximately 2.1% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 17th largest holding.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. San Francisco Sentry Investment Group CA boosted its holdings in shares of Cheniere Energy by 130.7% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock worth $33,000 after purchasing an additional 277 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $36,000. Manchester Financial Inc. acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $38,000. Berman Capital Advisors LLC boosted its holdings in Cheniere Energy by 125.3% during the first quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after buying an additional 322 shares in the last quarter. Finally, Lee Financial Co purchased a new stake in Cheniere Energy during the second quarter worth $41,000.
LNG has been the subject of a number of recent analyst reports. Cowen reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Zacks Investment Research upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a research report on Tuesday, August 27th. Finally, BTIG Research started coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Cheniere Energy has a consensus rating of “Buy” and an average target price of $75.63.
LNG traded down $0.13 on Wednesday, reaching $63.79. 95,165 shares of the company’s stock were exchanged, compared to its average volume of 1,778,620. Cheniere Energy, Inc. has a twelve month low of $55.09 and a twelve 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 for the quarter, missing the 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 firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share.
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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