Wetherby Asset Management Inc. Has $321,000 Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Wetherby Asset Management Inc. raised its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,687 shares of the energy company’s stock after purchasing an additional 240 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Cheniere Energy were worth $321,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC grew its position in shares of Cheniere Energy by 7.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock worth $248,000 after buying an additional 248 shares during the period. Altman Advisors Inc. grew its position in shares of Cheniere Energy by 0.9% during the 2nd quarter. Altman Advisors Inc. now owns 31,055 shares of the energy company’s stock worth $2,126,000 after buying an additional 276 shares during the period. CIBC World Markets Inc. grew its position in shares of Cheniere Energy by 3.2% during the 1st quarter. CIBC World Markets Inc. now owns 9,758 shares of the energy company’s stock worth $667,000 after buying an additional 303 shares during the period. Berman Capital Advisors LLC grew its position in shares of Cheniere Energy by 125.3% during the 1st quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after buying an additional 322 shares during the period. Finally, American Money Management LLC grew its position in shares of Cheniere Energy by 1.3% during the 1st quarter. American Money Management LLC now owns 24,515 shares of the energy company’s stock worth $1,676,000 after buying an additional 325 shares during the period.

Shares of LNG stock traded down $0.47 during trading hours on Friday, reaching $62.34. The company had a trading volume of 2,216,130 shares, compared to its average volume of 1,794,552. Cheniere Energy, Inc. has a 12-month low of $55.09 and a 12-month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS.

Several brokerages have recently commented on LNG. Cowen reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a research report on Tuesday, June 4th. BTIG Research assumed coverage on shares of Cheniere Energy in a research report on Tuesday, July 16th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, July 2nd. Finally, Gabelli assumed coverage on shares of Cheniere Energy in a research report on Monday, May 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.80.

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

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