Appleton Partners Inc. MA bought a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,020 shares of the energy company’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Cheniere Energy in the 4th quarter valued at about $113,377,000. Millennium Management LLC lifted its position in Cheniere Energy by 524.3% in the 4th quarter. Millennium Management LLC now owns 1,725,271 shares of the energy company’s stock valued at $102,119,000 after acquiring an additional 1,448,922 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Cheniere Energy by 15.1% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,368,147 shares of the energy company’s stock valued at $512,013,000 after acquiring an additional 969,224 shares in the last quarter. Vanguard Group Inc lifted its position in Cheniere Energy by 4.8% in the 3rd quarter. Vanguard Group Inc now owns 19,315,695 shares of the energy company’s stock valued at $1,342,247,000 after acquiring an additional 890,140 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Cheniere Energy by 47.3% in the 4th quarter. American Century Companies Inc. now owns 2,724,014 shares of the energy company’s stock valued at $161,234,000 after acquiring an additional 874,821 shares in the last quarter.
Cheniere Energy stock opened at $65.00 on Friday. 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 earnings results on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10). The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 36.5% on a year-over-year basis.
Several brokerages recently weighed in on LNG. Evercore ISI began coverage on shares of Cheniere Energy in a research report on Tuesday, March 12th. They issued an “outperform” rating on the stock. Scotiabank began coverage on shares of Cheniere Energy in a research report on Friday, February 8th. They issued an “outperform” rating on the stock. UBS Group began coverage on shares of Cheniere Energy in a research report on Thursday, January 3rd. They issued a “buy” rating and a $72.00 price target on the stock. Finally, Goldman Sachs Group raised shares of Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $77.17.
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.
Featured Article: Municipal Bonds
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).
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.