Ellevest Inc. Boosts Stock Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Ellevest Inc. grew its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) by 69.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279 shares of the energy company’s stock after purchasing an additional 114 shares during the quarter. Ellevest Inc.’s holdings in Cheniere Energy were worth $46,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management bought a new position in Cheniere Energy during the third quarter valued at $25,000. Janiczek Wealth Management LLC bought a new position in shares of Cheniere Energy during the 2nd quarter worth $30,000. Ronald Blue Trust Inc. purchased a new stake in Cheniere Energy in the 2nd quarter worth about $30,000. AdvisorNet Financial Inc bought a new stake in Cheniere Energy in the 3rd quarter valued at about $39,000. Finally, UMB Bank n.a. boosted its position in Cheniere Energy by 64.3% during the second quarter. UMB Bank n.a. now owns 340 shares of the energy company’s stock worth $45,000 after purchasing an additional 133 shares during the period. 84.25% of the stock is currently owned by institutional investors.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total value of $382,050.00. Following the completion of the transaction, the director now directly owns 33,862 shares in the company, valued at approximately $4,791,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNG. Citigroup decreased their price objective on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, January 9th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of Cheniere Energy in a research report on Tuesday, November 22nd. Jefferies Financial Group began coverage on shares of Cheniere Energy in a report on Wednesday, October 19th. They set a “buy” rating and a $210.00 target price on the stock. Mizuho raised their price target on shares of Cheniere Energy from $174.00 to $208.00 and gave the company a “buy” rating in a report on Friday, November 4th. Finally, Barclays decreased their price target on shares of Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Friday, January 13th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $194.54.

Cheniere Energy Stock Up 0.8 %

Shares of LNG stock opened at $151.73 on Monday. The company has a market capitalization of $37.73 billion, a price-to-earnings ratio of -9.94 and a beta of 1.00. Cheniere Energy, Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The energy company reported $7.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.46 by $2.34. The business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.04 billion. Cheniere Energy had a negative net margin of 12.40% and a negative return on equity of 249.96%. On average, equities analysts predict that Cheniere Energy, Inc. will post -7.54 EPS for the current year.

About Cheniere Energy

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Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company 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 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

Further Reading

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

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