Catalyst Capital Advisors LLC Has $3.569 Million Position in Cheniere Energy, Inc. (LNG)

Catalyst Capital Advisors LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,582.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,501 shares of the energy company’s stock after buying an additional 71,014 shares during the period. Catalyst Capital Advisors LLC’s holdings in Cheniere Energy were worth $3,569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WFG Advisors LP raised its position in shares of Cheniere Energy by 113.8% in the fourth quarter. WFG Advisors LP now owns 1,067 shares of the energy company’s stock worth $154,000 after buying an additional 568 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Cheniere Energy during the first quarter worth approximately $142,000. Advisory Services Network LLC bought a new position in shares of Cheniere Energy during the first quarter worth approximately $155,000. Toronto Dominion Bank raised its position in shares of Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after buying an additional 449 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Cheniere Energy by 8.4% in the third quarter. US Bancorp DE now owns 3,898 shares of the energy company’s stock worth $170,000 after buying an additional 302 shares in the last quarter.

Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) traded up 2.14% during trading on Friday, hitting $49.75. The company had a trading volume of 3,701,804 shares. The company’s market capitalization is $11.56 billion. The stock has a 50-day moving average of $47.03 and a 200 day moving average of $44.49. Cheniere Energy, Inc. has a one year low of $31.02 and a one year high of $50.71.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $663.20 million. The company’s quarterly revenue was up 1655.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.41) EPS. Equities analysts forecast that Cheniere Energy, Inc. will post $0.09 EPS for the current fiscal year.

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A number of analysts have issued reports on the company. Barclays PLC raised their target price on Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $58.00 target price (up previously from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Zacks Investment Research lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 18th. Wells Fargo & Co began coverage on Cheniere Energy in a report on Wednesday, February 8th. They set an “outperform” rating and a $50.53 price objective on the stock. Finally, Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Cheniere Energy in a report on Thursday, March 23rd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Cheniere Energy presently has a consensus rating of “Buy” and a consensus target price of $53.17.

Cheniere Energy Company Profile

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

12 Month Chart for NYSE:LNG

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