First Interstate Bank Purchases 571 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

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First Interstate Bank grew its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,779 shares of the energy company’s stock after buying an additional 571 shares during the quarter. First Interstate Bank’s holdings in Cheniere Energy were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Cheniere Energy by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 2,024,362 shares of the energy company’s stock worth $119,741,000 after purchasing an additional 174,872 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $267,000. Carroll Financial Associates Inc. purchased a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $221,000. IFM Investors Pty Ltd increased its stake in shares of Cheniere Energy by 16.7% during the 1st quarter. IFM Investors Pty Ltd now owns 14,874 shares of the energy company’s stock worth $1,017,000 after purchasing an additional 2,127 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Cheniere Energy by 8.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 49,805 shares of the energy company’s stock worth $3,404,000 after purchasing an additional 3,850 shares during the last quarter.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, July 2nd. Gabelli assumed coverage on shares of Cheniere Energy in a research note on Monday, May 13th. They issued a “buy” rating for the company. Cowen reiterated an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Finally, BTIG Research assumed coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.80.

Shares of LNG traded up $0.75 during mid-day trading on Monday, reaching $60.73. 22,781 shares of the stock traded hands, compared to its average volume of 1,801,977. Cheniere Energy, Inc. has a 1 year low of $55.09 and a 1 year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.59). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Cheniere Energy’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS.

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

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