Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Shares Purchased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. boosted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 21.8% during the third quarter, Holdings Channel.com reports. The fund owned 5,709 shares of the energy company’s stock after purchasing an additional 1,022 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Cheniere Energy were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Cheniere Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,984,405 shares of the energy company’s stock valued at $1,436,384,000 after purchasing an additional 323,798 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in Cheniere Energy by 1.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,050,063 shares of the energy company’s stock valued at $551,027,000 after purchasing an additional 127,342 shares during the period. Steadfast Capital Management LP raised its position in Cheniere Energy by 1.8% in the second quarter. Steadfast Capital Management LP now owns 4,749,290 shares of the energy company’s stock valued at $325,089,000 after purchasing an additional 82,846 shares during the period. CIBC Private Wealth Group LLC raised its position in Cheniere Energy by 29.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,105,952 shares of the energy company’s stock valued at $132,801,000 after purchasing an additional 483,668 shares during the period. Finally, Cohen & Steers Inc. raised its position in Cheniere Energy by 2.1% in the second quarter. Cohen & Steers Inc. now owns 2,059,800 shares of the energy company’s stock valued at $140,993,000 after purchasing an additional 43,165 shares during the period.

Several research analysts have commented on the company. Zacks Investment Research lowered Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price objective on the stock. in a research report on Thursday, September 12th. Morgan Stanley set a $76.00 price objective on Cheniere Energy and gave the company a “hold” rating in a research report on Sunday, November 3rd. Barclays reissued a “buy” rating and issued a $83.00 price objective on shares of Cheniere Energy in a research report on Wednesday, October 16th. Raymond James raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $71.00 price objective on the stock in a research report on Wednesday, October 23rd. Finally, BTIG Research started coverage on Cheniere Energy in a research report on Tuesday, July 16th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $76.67.

Shares of NYSEAMERICAN LNG traded down $0.05 during midday trading on Friday, reaching $61.74. 1,296,548 shares of the company’s stock were exchanged, compared to its average volume of 1,755,799. Cheniere Energy, Inc. has a 52-week low of $55.09 and a 52-week high of $70.60.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Friday, November 1st. The energy company reported ($1.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($1.33). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis.

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.

Further Reading: Gap Down Stocks

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

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