Riverhead Capital Management LLC trimmed its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 61.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 966 shares of the energy company’s stock after selling 1,529 shares during the period. Riverhead Capital Management LLC’s holdings in Cheniere Energy were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of LNG. Allstate Corp boosted its stake in shares of Cheniere Energy by 11.3% during the 1st quarter. Allstate Corp now owns 21,185 shares of the energy company’s stock worth $1,448,000 after purchasing an additional 2,158 shares during the last quarter. Bluestein R H & Co. boosted its stake in shares of Cheniere Energy by 6.2% during the 2nd quarter. Bluestein R H & Co. now owns 342,236 shares of the energy company’s stock worth $23,426,000 after purchasing an additional 20,093 shares during the last quarter. ELCO Management Co. LLC boosted its stake in shares of Cheniere Energy by 17.9% during the 1st quarter. ELCO Management Co. LLC now owns 86,855 shares of the energy company’s stock worth $5,937,000 after purchasing an additional 13,175 shares during the last quarter. Keybank National Association OH acquired a new stake in shares of Cheniere Energy during the 1st quarter worth about $228,000. Finally, Moseley Investment Management Inc. acquired a new stake in shares of Cheniere Energy during the 1st quarter worth about $403,000.
Several research firms have issued reports on LNG. Cowen reaffirmed an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Zacks Investment Research cut shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price target on the stock. in a research note on Thursday. Finally, BTIG Research began coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.38.
NYSEAMERICAN LNG traded up $1.35 during mid-day trading on Friday, hitting $65.45. The company’s stock had a trading volume of 2,003,450 shares, compared to its average volume of 1,774,655. Cheniere Energy, Inc. has a 52-week low of $55.09 and a 52-week high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year.
About Cheniere Energy
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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