LS Investment Advisors LLC Has $128,000 Holding in Cheniere Energy, Inc. (LNG)

LS Investment Advisors LLC Has $128,000 Holding in Cheniere Energy, Inc. (LNG)

LS Investment Advisors LLC held its position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,712 shares of the energy company’s stock at the end of the first quarter. LS Investment Advisors LLC’s holdings in Cheniere Energy were worth $128,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Anchorage Capital Group L.L.C. increased its position in shares of Cheniere Energy by 98.0% in the fourth quarter. Anchorage Capital Group L.L.C. now owns 6,385,789 shares of the energy company’s stock valued at $264,563,000 after buying an additional 3,160,000 shares during the last quarter. NWQ Investment Management Company LLC increased its position in shares of Cheniere Energy by 25.2% in the fourth quarter. NWQ Investment Management Company LLC now owns 2,736,835 shares of the energy company’s stock valued at $113,387,000 after buying an additional 550,812 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Cheniere Energy by 23.6% in the fourth quarter. Macquarie Group Ltd. now owns 2,005,600 shares of the energy company’s stock valued at $83,093,000 after buying an additional 382,500 shares during the last quarter. Fairview Capital Investment Management LLC increased its position in shares of Cheniere Energy by 0.6% in the fourth quarter. Fairview Capital Investment Management LLC now owns 2,005,055 shares of the energy company’s stock valued at $83,069,000 after buying an additional 12,875 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Cheniere Energy during the fourth quarter valued at $64,977,000.

Shares of Cheniere Energy, Inc. (NYSE LNG) opened at 48.70 on Friday. Cheniere Energy, Inc. has a 52-week low of $31.85 and a 52-week high of $51.41. The company’s 50 day moving average price is $47.54 and its 200 day moving average price is $45.37. The stock’s market capitalization is $11.32 billion.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $663.20 million. The company’s revenue was up 1655.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.41) earnings per share. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post $0.40 EPS for the current year.

LNG has been the subject of several analyst reports. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, April 19th. Guggenheim initiated coverage on Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 price target for the company. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Thursday, March 23rd. Wells Fargo & Co initiated coverage on Cheniere Energy in a report on Wednesday, February 8th. They set an “outperform” rating and a $50.53 price target for the company. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $58.00 price target (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently 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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