Optimum Investment Advisors lowered its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 41.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the energy company’s stock after selling 350 shares during the period. Optimum Investment Advisors’ holdings in Cheniere Energy were worth $34,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Geode Capital Management LLC grew its stake in Cheniere Energy by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 2,024,362 shares of the energy company’s stock worth $119,741,000 after purchasing an additional 174,872 shares during the period. Truvestments Capital LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $68,000. Mercer Global Advisors Inc. ADV acquired a new stake in Cheniere Energy in the first quarter valued at approximately $267,000. Paradigm Financial Advisors LLC grew its stake in Cheniere Energy by 5.6% in the first quarter. Paradigm Financial Advisors LLC now owns 39,188 shares of the energy company’s stock valued at $2,679,000 after acquiring an additional 2,064 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $2,162,000.
A number of brokerages have commented on LNG. Cowen reissued an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Gabelli began coverage on Cheniere Energy in a research note on Monday, May 13th. They issued a “buy” rating for the company. BTIG Research began coverage on Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $77.80.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.59). The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cheniere Energy’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS.
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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