ETF Managers Group LLC increased its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 332.4% during the first quarter, HoldingsChannel.com reports. The fund owned 12,115 shares of the energy company’s stock after buying an additional 9,313 shares during the period. ETF Managers Group LLC’s holdings in Cheniere Energy were worth $828,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd increased its holdings in Cheniere Energy by 53.2% in the fourth quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock worth $27,000 after purchasing an additional 590 shares in the last quarter. First Manhattan Co. bought a new stake in Cheniere Energy in the fourth quarter worth approximately $29,000. Claybrook Capital LLC bought a new stake in Cheniere Energy in the fourth quarter worth approximately $34,000. Lenox Wealth Management Inc. bought a new stake in Cheniere Energy in the first quarter worth approximately $34,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Cheniere Energy in the first quarter worth approximately $35,000.
A number of brokerages have weighed in on LNG. Evercore ISI began coverage on Cheniere Energy in a report on Tuesday, March 12th. They issued an “outperform” rating for the company. Gabelli began coverage on Cheniere Energy in a report on Monday, May 13th. They issued a “buy” rating for the company. Finally, Scotiabank began coverage on Cheniere Energy in a report on Friday, February 8th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.10.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.25. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $1.90 billion. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS.
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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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