Pillar Pacific Capital Management LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,085 shares of the energy company’s stock after buying an additional 3,910 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Cheniere Energy were worth $3,316,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its position in Cheniere Energy by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock valued at $23,582,000 after buying an additional 49,801 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Cheniere Energy during the first quarter valued at $142,000. Oppenheimer Asset Management Inc. acquired a new position in Cheniere Energy during the first quarter valued at $341,000. AQR Capital Management LLC acquired a new position in Cheniere Energy during the fourth quarter valued at $339,000. Finally, Addison Capital Co raised its position in Cheniere Energy by 32.8% in the first quarter. Addison Capital Co now owns 48,109 shares of the energy company’s stock valued at $2,274,000 after buying an additional 11,883 shares during the last quarter.
Cheniere Energy, Inc. (NYSE:LNG) traded up 3.60% during midday trading on Friday, reaching $42.59. 3,173,291 shares of the company traded hands. The stock’s market capitalization is $9.90 billion. The firm has a 50 day moving average of $46.19 and a 200-day moving average of $47.03. Cheniere Energy, Inc. has a 12 month low of $35.07 and a 12 month high of $51.41.
Several equities analysts recently weighed in on LNG shares. Guggenheim started coverage on shares of Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 target price on the stock. BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group 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. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Finally, Morgan Stanley lowered 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 issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price 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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