Wellington Shields Capital Management LLC Boosts Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

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Wellington Shields Capital Management LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,125 shares of the energy company’s stock after purchasing an additional 5,525 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Cheniere Energy were worth $3,500,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its stake in Cheniere Energy by 2.3% in the first quarter. FMR LLC now owns 14,949,098 shares of the energy company’s stock valued at $1,021,920,000 after buying an additional 335,290 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Cheniere Energy by 4.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,922,721 shares of the energy company’s stock valued at $541,597,000 after purchasing an additional 352,597 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Cheniere Energy by 29.3% in the first quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock valued at $416,024,000 after purchasing an additional 1,378,792 shares during the period. American Century Companies Inc. increased its holdings in shares of Cheniere Energy by 21.0% in the first quarter. American Century Companies Inc. now owns 3,295,093 shares of the energy company’s stock valued at $225,253,000 after purchasing an additional 571,079 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in shares of Cheniere Energy by 10.7% in the first quarter. Neuberger Berman Group LLC now owns 3,021,337 shares of the energy company’s stock valued at $206,538,000 after purchasing an additional 293,236 shares during the period.

LNG stock traded up $1.31 on Thursday, reaching $60.22. 98,224 shares of the company’s stock were exchanged, compared to its average volume of 1,783,001. Cheniere Energy, Inc. has a twelve month low of $55.09 and a twelve month high of $71.03.

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

LNG has been the topic of a number of recent analyst reports. Zacks Investment Research raised Cheniere Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective on the stock in a report on Tuesday. Cowen reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. BTIG Research initiated coverage on Cheniere Energy in a report on Tuesday, July 16th. They set a “neutral” rating on the stock. Finally, Gabelli initiated coverage on Cheniere Energy in a report on Monday, May 13th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Cheniere Energy has a consensus rating of “Buy” and an average price target of $75.63.

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.

See Also: Bull Market

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

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