Cornerstone Wealth Group LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,319 shares of the energy company’s stock, valued at approximately $432,000.
Other large investors have also recently modified their holdings of the company. Altshuler Shaham Ltd grew its holdings in Cheniere Energy by 53.2% in the fourth quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock worth $27,000 after purchasing an additional 590 shares during the period. First Manhattan Co. purchased a new stake in Cheniere Energy in the fourth quarter worth about $29,000. Claybrook Capital LLC purchased a new stake in Cheniere Energy in the fourth quarter worth about $34,000. Lenox Wealth Management Inc. purchased a new stake in Cheniere Energy in the first quarter worth about $34,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Cheniere Energy in the first quarter worth about $35,000.
LNG has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on shares of Cheniere Energy in a report on Friday, February 8th. They set an “outperform” rating on the stock. Evercore ISI initiated coverage on shares of Cheniere Energy in a report on Tuesday, March 12th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $77.36.
NYSEAMERICAN:LNG opened at $63.84 on Thursday. 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 Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.10). The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue was up 36.5% on a year-over-year basis.
Cheniere Energy Company Profile
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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