US Bancorp DE boosted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,155 shares of the energy company’s stock after purchasing an additional 1,049 shares during the period. US Bancorp DE’s holdings in Cheniere Energy were worth $1,379,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA grew its holdings in Cheniere Energy by 130.7% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock valued at $33,000 after buying an additional 277 shares during the period. Quad Cities Investment Group LLC purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $36,000. Manchester Financial Inc. purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $38,000. Lee Financial Co purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $41,000. Finally, Centersquare Investment Management LLC purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $43,000.
Several analysts have commented on LNG shares. Zacks Investment Research cut Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Thursday, September 12th. BTIG Research assumed coverage on Cheniere Energy in a report on Tuesday, July 16th. They set a “neutral” rating for the company. Morgan Stanley reiterated an “equal weight” rating and set a $74.00 target price on shares of Cheniere Energy in a report on Friday. Finally, Cowen reiterated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $75.63.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.59). The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 48.5% 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.
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