LS Investment Advisors LLC raised its stake in shares of Cheniere Energy Inc. (NYSEMKT:LNG) by 19.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,852 shares of the company’s stock after buying an additional 623 shares during the period. LS Investment Advisors LLC’s holdings in Cheniere Energy were worth $145,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. raised its stake in Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock valued at $114,000 after buying an additional 315 shares in the last quarter. AXA increased its position in Cheniere Energy by 22.4% in the first quarter. AXA now owns 4,246 shares of the company’s stock valued at $144,000 after buying an additional 776 shares during the last quarter. Huntington Asset Advisors Inc. purchased a new position in Cheniere Energy during the first quarter valued at approximately $162,000. Mariner Wealth Advisors LLC increased its position in Cheniere Energy by 1.3% in the first quarter. Mariner Wealth Advisors LLC now owns 8,233 shares of the company’s stock valued at $279,000 after buying an additional 103 shares during the last quarter. Finally, Pacific Global Investment Management CO purchased a new position in Cheniere Energy during the first quarter valued at approximately $317,000.
Shares of Cheniere Energy Inc. (NYSEMKT:LNG) traded up 0.53% during midday trading on Friday, hitting $43.60. The company’s stock had a trading volume of 6,175,604 shares. Cheniere Energy Inc. has a 52-week low of $22.80 and a 52-week high of $54.95. The stock’s 50 day moving average is $43.88 and its 200-day moving average is $38.35. The firm’s market cap is $9.95 billion.
Cheniere Energy (NYSEMKT:LNG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by $0.15. The company had revenue of $176.80 million for the quarter, compared to the consensus estimate of $64.08 million. The company’s revenue was up 160.0% on a year-over-year basis. Equities analysts predict that Cheniere Energy Inc. will post ($1.96) EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Scotiabank raised Cheniere Energy from a “sector perform” rating to a “sector outperform” rating and set a $52.00 target price on the stock in a research report on Tuesday, June 14th. Howard Weil raised Cheniere Energy from a “sector perform” rating to a “sector outperform” rating and set a $52.00 target price on the stock in a research report on Tuesday, June 14th. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, July 19th. Wolfe Research assumed coverage on Cheniere Energy in a research report on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, June 28th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and an average target price of $56.00.
In other Cheniere Energy news, insider Jack A. Fusco bought 35,063 shares of the stock in a transaction on Monday, September 19th. The shares were acquired at an average price of $42.78 per share, with a total value of $1,499,995.14. Following the acquisition, the insider now directly owns 340,824 shares of the company’s stock, valued at approximately $14,580,450.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nuno Brandolini sold 8,999 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $45.34, for a total transaction of $408,014.66. Following the sale, the director now directly owns 249,602 shares in the company, valued at approximately $11,316,954.68. The disclosure for this sale can be found here.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy Inc. (NYSEMKT:LNG).
Receive News & Ratings for Cheniere Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.