Exchange Capital Management Inc. Purchases 2,319 Shares of Cheniere Energy, Inc. (LNG)

Exchange Capital Management Inc. boosted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 32.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,544 shares of the energy company’s stock after purchasing an additional 2,319 shares during the period. Exchange Capital Management Inc.’s holdings in Cheniere Energy were worth $652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 15.1% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 7,368,147 shares of the energy company’s stock valued at $512,013,000 after buying an additional 969,224 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Cheniere Energy by 24.4% in the third quarter. Dimensional Fund Advisors LP now owns 685,335 shares of the energy company’s stock valued at $47,623,000 after buying an additional 134,520 shares during the period. United Services Automobile Association increased its stake in shares of Cheniere Energy by 5.1% in the third quarter. United Services Automobile Association now owns 33,837 shares of the energy company’s stock valued at $2,351,000 after buying an additional 1,656 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $242,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $827,000.

Shares of Cheniere Energy stock opened at $65.73 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 issued its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $1.77 billion. The firm’s revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share.

LNG has been the topic of several research analyst reports. UBS Group initiated coverage on Cheniere Energy in a research report on Thursday, January 3rd. They set a “buy” rating and a $72.00 target price on the stock. Scotiabank initiated coverage on Cheniere Energy in a research report on Friday, February 8th. They set an “outperform” rating on the stock. Goldman Sachs Group upgraded Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Evercore ISI initiated coverage on Cheniere Energy in a research report on Tuesday, March 12th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and an average price target of $77.17.

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

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