Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 78.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,734 shares of the energy company’s stock after buying an additional 41,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cheniere Energy were worth $4,529,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Cheniere Energy during the second quarter worth approximately $198,000. Cambridge Investment Research Advisors Inc. increased its stake in Cheniere Energy by 8.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,711 shares of the energy company’s stock valued at $856,000 after buying an additional 1,383 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Cheniere Energy by 0.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 79,100 shares of the energy company’s stock worth $3,822,000 after buying an additional 600 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Cheniere Energy by 13.0% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 22,772 shares of the energy company’s stock worth $1,100,000 after acquiring an additional 2,611 shares during the period. Finally, Dupont Capital Management Corp lifted its stake in shares of Cheniere Energy by 104.7% in the 2nd quarter. Dupont Capital Management Corp now owns 22,103 shares of the energy company’s stock worth $1,068,000 after acquiring an additional 11,307 shares during the period.
A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of Cheniere Energy in a research note on Sunday, May 10th. Bank of America cut Cheniere Energy from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research note on Friday, May 1st. Cowen lowered their target price on Cheniere Energy from $75.00 to $60.00 and set a “reduce” rating on the stock in a report on Wednesday, April 8th. Cfra cut their price target on shares of Cheniere Energy from $57.00 to $51.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $76.00 to $64.00 in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Cheniere Energy currently has a consensus rating of “Hold” and an average target price of $59.91.
LNG stock opened at $49.48 on Friday. Cheniere Energy, Inc. has a one year low of $27.06 and a one year high of $67.49.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, April 30th. The energy company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.96. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.62 billion.
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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