Cheniere Energy, Inc. (LNG) Position Boosted by World Asset Management Inc

Cheniere Energy, Inc. (LNG) Position Boosted by World Asset Management Inc

Several other institutional investors also recently bought and sold shares of LNG. State of Alaska Department of Revenue acquired a new position in shares of Cheniere Energy during the first quarter valued at approximately $142,000. WFG Advisors LP raised its stake in shares of Cheniere Energy by 113.8% in the fourth quarter. WFG Advisors LP now owns 1,067 shares of the energy company’s stock worth $154,000 after buying an additional 568 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Cheniere Energy during the first quarter worth $155,000. Regentatlantic Capital LLC purchased a new stake in shares of Cheniere Energy during the first quarter worth $201,000. Finally, Bluestein R H & Co. raised its stake in shares of Cheniere Energy by 0.7% in the fourth quarter. Bluestein R H & Co. now owns 5,035 shares of the energy company’s stock worth $209,000 after buying an additional 35 shares during the last quarter.

World Asset Management Inc increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% during the first quarter, Holdings Channel reports. The fund owned 8,148 shares of the energy company’s stock after buying an additional 270 shares during the period. World Asset Management Inc’s holdings in Cheniere Energy were worth $385,000 at the end of the most recent reporting period.

Shares of Cheniere Energy, Inc. (NYSE LNG) traded down 1.04% on Wednesday, hitting $48.72. 3,010,944 shares of the stock traded hands. The stock has a 50-day moving average price of $47.44 and a 200 day moving average price of $45.23. Cheniere Energy, Inc. has a 12-month low of $31.02 and a 12-month high of $51.41. The stock’s market cap is $11.32 billion.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $663.20 million. During the same quarter last year, the business earned ($1.41) EPS. The company’s revenue for the quarter was up 1655.1% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post $0.30 earnings per share for the current fiscal year.

LNG has been the topic of several research analyst reports. Wells Fargo & Co initiated coverage on shares of Cheniere Energy in a research note on Wednesday, February 8th. They set an “outperform” rating and a $50.53 price target on the stock. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Friday, February 17th. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Cheniere Energy in a research report on Thursday, March 23rd. Guggenheim began coverage on shares of Cheniere Energy in a report on Monday, April 17th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Barclays PLC lifted their target price on shares of Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.94.

About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LNG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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