Wealthcare Advisory Partners LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,803 shares of the energy company’s stock after selling 306 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Cheniere Energy were worth $192,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Lenox Wealth Management Inc. bought a new stake in shares of Cheniere Energy in the 1st quarter worth $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Cheniere Energy in the 1st quarter worth $35,000. Quad Cities Investment Group LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth $36,000. Manchester Financial Inc. bought a new stake in shares of Cheniere Energy in the 2nd quarter worth $38,000. Finally, Berman Capital Advisors LLC grew its stake in shares of Cheniere Energy by 125.3% in the 1st quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after acquiring an additional 322 shares in the last quarter.
Several research firms have recently issued reports on LNG. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Tuesday, July 2nd. BTIG Research began coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. Gabelli began coverage on shares of Cheniere Energy in a research note on Monday, May 13th. They issued a “buy” rating for the company. Finally, Cowen reiterated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $77.80.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. The firm’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share.
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.
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