DNB Asset Management AS lessened its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,810 shares of the energy company’s stock after selling 2,041 shares during the quarter. DNB Asset Management AS’s holdings in Cheniere Energy were worth $1,901,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Altshuler Shaham Ltd raised its stake in Cheniere Energy by 53.2% during the fourth quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock worth $27,000 after acquiring an additional 590 shares in the last quarter. First Manhattan Co. acquired a new position in Cheniere Energy during the fourth quarter worth about $29,000. Claybrook Capital LLC acquired a new position in Cheniere Energy during the fourth quarter worth about $34,000. Capital Investment Advisory Services LLC acquired a new position in Cheniere Energy during the fourth quarter worth about $41,000. Finally, Semmax Financial Advisors Inc. acquired a new position in Cheniere Energy during the fourth quarter worth about $42,000.
Several research analysts have recently issued reports on the company. Evercore ISI assumed coverage on Cheniere Energy in a research note on Tuesday, March 12th. They issued an “outperform” rating for the company. Scotiabank assumed coverage on Cheniere Energy in a research note on Friday, February 8th. They issued an “outperform” rating for the company. UBS Group assumed coverage on Cheniere Energy in a research note on Thursday, January 3rd. They issued a “buy” rating and a $72.00 price objective for the company. Finally, Goldman Sachs Group raised Cheniere Energy from a “neutral” rating to a “buy” rating in a research note 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’s stock. Cheniere Energy has an average rating of “Buy” and a consensus target price of $77.17.
Cheniere Energy (NYSEAMERICAN:LNG) last announced 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 company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Cheniere Energy’s revenue was up 36.5% compared to the same quarter last year.
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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