Asset Management One Co. Ltd. Reduces Position in Cheniere Energy, Inc. (LNG)

Asset Management One Co. Ltd. lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,973 shares of the energy company’s stock after selling 2 shares during the period. Asset Management One Co. Ltd.’s holdings in Cheniere Energy were worth $16,299,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. WFG Advisors LP raised its stake in Cheniere Energy by 113.8% in the fourth quarter. WFG Advisors LP now owns 1,067 shares of the energy company’s stock worth $154,000 after buying an additional 568 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Cheniere Energy during the first quarter worth $142,000. Advisory Services Network LLC bought a new stake in Cheniere Energy during the first quarter worth $155,000. Toronto Dominion Bank raised its stake in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after buying an additional 449 shares in the last quarter. Finally, Regentatlantic Capital LLC bought a new stake in Cheniere Energy during the first quarter worth $201,000.

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

Shares of Cheniere Energy, Inc. (NYSE:LNG) traded up 3.73% during trading on Wednesday, hitting $50.64. The stock had a trading volume of 4,694,332 shares. The stock’s 50 day moving average price is $47.23 and its 200-day moving average price is $44.83. Cheniere Energy, Inc. has a one year low of $31.02 and a one year high of $50.71. The stock’s market cap is $11.77 billion.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.60. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $663.20 million. During the same period in the prior year, the business earned ($1.41) EPS. The business’s quarterly revenue was up 1655.1% on a year-over-year basis. Analysts expect that Cheniere Energy, Inc. will post $0.09 earnings per share for the current fiscal year.

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A number of research firms have weighed in on LNG. Zacks Investment Research lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Wells Fargo & Co began 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. Barclays PLC upped 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. Credit Suisse Group AG restated an “outperform” rating and set a $58.00 target price (up previously from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Finally, Scotiabank restated a “buy” rating and set a $52.00 target price on shares of Cheniere Energy in a report on Thursday, March 23rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $53.17.

Cheniere Energy Company Profile

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.

12 Month Chart for NYSE:LNG

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