Covenant Asset Management LLC grew its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,353 shares of the energy company’s stock after purchasing an additional 4,983 shares during the period. Cheniere Energy makes up 1.3% of Covenant Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Covenant Asset Management LLC’s holdings in Cheniere Energy were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service increased its holdings in Cheniere Energy by 6.3% during the fourth quarter. National Pension Service now owns 253,700 shares of the energy company’s stock valued at $16,744,000 after buying an additional 15,000 shares during the last quarter. Allstate Corp boosted its position in shares of Cheniere Energy by 11.3% during the first quarter. Allstate Corp now owns 21,185 shares of the energy company’s stock worth $1,448,000 after acquiring an additional 2,158 shares during the last quarter. ELCO Management Co. LLC boosted its position in shares of Cheniere Energy by 17.9% during the first quarter. ELCO Management Co. LLC now owns 86,855 shares of the energy company’s stock worth $5,937,000 after acquiring an additional 13,175 shares during the last quarter. New England Research & Management Inc. bought a new position in shares of Cheniere Energy during the first quarter worth $284,000. Finally, Keybank National Association OH bought a new position in Cheniere Energy during the first quarter valued at $228,000.
Cheniere Energy stock traded down $0.07 during trading hours on Friday, hitting $66.62. The stock had a trading volume of 40,791 shares, compared to its average volume of 1,754,991. Cheniere Energy, Inc. has a fifty-two week low of $55.09 and a fifty-two week high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.25. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis.
Several brokerages have issued reports on LNG. BTIG Research initiated coverage on shares of Farfetch in a research note on Tuesday, July 16th. They set a “buy” rating and a $26.00 target price on the stock. Cowen set a $63.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Gabelli lowered shares of Weatherford International from a “buy” rating to a “sell” rating in a research note on Monday, May 13th. Finally, Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $77.80.
About Cheniere Energy
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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