Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,652 shares of the energy company’s stock after acquiring an additional 484 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Cheniere Energy were worth $167,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Hennessy Advisors Inc. boosted its position in shares of Cheniere Energy by 1.2% during the 3rd quarter. Hennessy Advisors Inc. now owns 681,917 shares of the energy company’s stock worth $43,002,000 after purchasing an additional 8,000 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Cheniere Energy in the 2nd quarter worth about $3,053,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Cheniere Energy by 10.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 65,997 shares of the energy company’s stock worth $4,517,000 after acquiring an additional 6,404 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Cheniere Energy by 3.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 106,125 shares of the energy company’s stock worth $7,264,000 after acquiring an additional 3,890 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Cheniere Energy in the 2nd quarter worth about $1,273,000.
A number of equities research analysts recently weighed in on LNG shares. Morgan Stanley restated an “equal weight” rating and issued a $74.00 target price on shares of Cheniere Energy in a report on Friday, September 20th. BTIG Research started coverage on shares of Cheniere Energy in a report on Tuesday, July 16th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 target price on the stock. in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $75.43.
Cheniere Energy stock opened at $62.66 on Friday. Cheniere Energy, Inc. has a twelve month low of $55.09 and a twelve month high of $70.60.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year.
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.
See Also: QQQ ETF
Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG).
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.