Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Stake Decreased by Trust Investment Advisors

Share on StockTwits

Trust Investment Advisors lessened its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 6.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,470 shares of the energy company’s stock after selling 470 shares during the quarter. Trust Investment Advisors’ holdings in Cheniere Energy were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lenox Wealth Management Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $35,000. Quad Cities Investment Group LLC bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $36,000. Manchester Financial Inc. bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $38,000. Finally, Berman Capital Advisors LLC raised its holdings in shares of Cheniere Energy by 125.3% during the first quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock valued at $39,000 after buying an additional 322 shares during the last quarter.

NYSEAMERICAN:LNG traded down $0.47 during midday trading on Friday, hitting $62.34. 2,216,130 shares of the stock were exchanged, compared to its average volume of 1,794,552. Cheniere Energy, Inc. has a one year low of $55.09 and a one year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its 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 during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm posted ($0.07) earnings per share. Cheniere Energy’s quarterly revenue was up 48.5% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. BTIG Research assumed coverage on Cheniere Energy in a report on Tuesday, July 16th. They set a “neutral” rating on the stock. Gabelli assumed coverage on Cheniere Energy in a report on Monday, May 13th. They set a “buy” rating on the stock. Cowen reissued an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Finally, Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $77.80.

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.

Read More: Quiet Period

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG).

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

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.