Russell Investments Group Ltd. decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 9.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 618,007 shares of the energy company’s stock after selling 63,669 shares during the period. Russell Investments Group Ltd.’s holdings in Cheniere Energy were worth $30,095,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Jag Capital Management LLC boosted its stake in shares of Cheniere Energy by 36.5% in the second quarter. Jag Capital Management LLC now owns 217,560 shares of the energy company’s stock valued at $10,598,000 after buying an additional 58,203 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Cheniere Energy by 39.7% in the second quarter. First Citizens Bank & Trust Co. now owns 14,679 shares of the energy company’s stock worth $715,000 after buying an additional 4,171 shares during the last quarter. Osborne Partners Capital Management LLC boosted its stake in shares of Cheniere Energy by 4.8% in the second quarter. Osborne Partners Capital Management LLC now owns 73,832 shares of the energy company’s stock worth $3,596,000 after buying an additional 3,410 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Cheniere Energy by 409.4% in the second quarter. Forsta AP Fonden now owns 179,300 shares of the energy company’s stock worth $8,734,000 after buying an additional 144,100 shares during the last quarter. Finally, Terra Nova Asset Management LLC purchased a new stake in shares of Cheniere Energy during the second quarter worth about $676,000.
Shares of Cheniere Energy, Inc. (NYSE LNG) traded down 0.04% during midday trading on Thursday, hitting $45.02. 480,757 shares of the stock were exchanged. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The stock’s market capitalization is $10.46 billion. The firm’s 50 day moving average is $47.05 and its 200-day moving average is $47.10.
Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.60. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $663.20 million. During the same period in the previous year, the business earned ($1.41) earnings per share. The firm’s revenue for the quarter was up 1655.1% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post $0.62 EPS for the current year.
A number of equities research analysts have recently issued reports on LNG shares. Guggenheim started coverage on shares of Cheniere Energy in a report on Monday, April 17th. They issued a “buy” rating and a $54.00 target price on the stock. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Tuesday, July 4th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 target price (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Barclays PLC upped their target price on shares of Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, Morgan Stanley cut shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Cheniere Energy has an average rating of “Buy” and an average price target of $54.08.
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.
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