Legacy Capital Partners Inc. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,800 shares of the energy company’s stock after buying an additional 2,250 shares during the period. Legacy Capital Partners Inc.’s holdings in Cheniere Energy were worth $558,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Bridges Advisors LLC increased its position in Cheniere Energy by 18.9% in the third quarter. Seven Bridges Advisors LLC now owns 24,103 shares of the energy company’s stock worth $1,051,000 after buying an additional 3,829 shares in the last quarter. Anchorage Capital Group L.L.C. increased its position in Cheniere Energy by 98.0% in the fourth quarter. Anchorage Capital Group L.L.C. now owns 6,385,789 shares of the energy company’s stock worth $264,563,000 after buying an additional 3,160,000 shares in the last quarter. AQR Capital Management LLC bought a new position in Cheniere Energy during the fourth quarter worth approximately $339,000. Addison Capital Co increased its position in Cheniere Energy by 32.8% in the first quarter. Addison Capital Co now owns 48,109 shares of the energy company’s stock worth $2,274,000 after buying an additional 11,883 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its position in Cheniere Energy by 5.4% in the third quarter. BlackRock Investment Management LLC now owns 117,430 shares of the energy company’s stock worth $5,120,000 after buying an additional 6,035 shares in the last quarter.
Cheniere Energy, Inc. (NYSE:LNG) traded up 2.14% during trading on Friday, reaching $49.75. The company’s stock had a trading volume of 3,701,804 shares. The stock’s 50-day moving average is $47.03 and its 200 day moving average is $44.49. The firm’s market capitalization is $11.56 billion. Cheniere Energy, Inc. has a 52-week low of $31.02 and a 52-week high of $50.71.
Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.60. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $663.20 million. The business’s quarterly revenue was up 1655.1% compared to the same quarter last year. During the same period last year, the business earned ($1.41) EPS. On average, analysts predict that Cheniere Energy, Inc. will post $0.09 EPS for the current fiscal year.
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LNG has been the subject of a number of research reports. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 19th. Wells Fargo & Co initiated coverage on Cheniere Energy in a report on Wednesday, February 8th. They set an “outperform” rating and a $50.53 target price for the company. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Cheniere Energy in a report on Thursday, March 23rd. Guggenheim initiated coverage on Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 target price for the company. Finally, Barclays PLC boosted their target price on Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.17.
About Cheniere Energy
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.
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