Addison Capital Co lowered its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,420 shares of the energy company’s stock after selling 167 shares during the period. Cheniere Energy makes up approximately 1.6% of Addison Capital Co’s portfolio, making the stock its 17th biggest holding. Addison Capital Co’s holdings in Cheniere Energy were worth $2,911,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of LNG. Huntington National Bank purchased a new position in shares of Cheniere Energy in the 1st quarter valued at $30,000. Cumberland Partners Ltd purchased a new position in shares of Cheniere Energy in the 4th quarter valued at $32,000. Fieldpoint Private Securities LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at $45,000. Tompkins Financial Corp raised its stake in shares of Cheniere Energy by 735.0% in the 4th quarter. Tompkins Financial Corp now owns 1,670 shares of the energy company’s stock valued at $56,000 after acquiring an additional 1,470 shares during the period. Finally, Greenhouse Wealth Management LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at $60,000. 86.32% of the stock is currently owned by institutional investors.
In related news, Director David B. Kilpatrick sold 4,397 shares of Cheniere Energy stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $75.50, for a total value of $331,973.50. Following the sale, the director now directly owns 9,938 shares in the company, valued at approximately $750,319. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.76% of the company’s stock.
A number of equities analysts have recently commented on the stock. Morgan Stanley reissued an “overweight” rating and issued a $80.00 target price on shares of Cheniere Energy in a research note on Monday, January 25th. Raymond James raised shares of Cheniere Energy from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $65.00 to $80.00 in a report on Monday, January 11th. Finally, Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Cheniere Energy has an average rating of “Buy” and a consensus target price of $69.22.
NYSEAMERICAN:LNG traded down $0.90 during mid-day trading on Monday, hitting $72.22. The stock had a trading volume of 32,507 shares, compared to its average volume of 1,521,507. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.73 and a beta of 1.58. The company has a 50 day simple moving average of $59.20 and a 200-day simple moving average of $53.60. Cheniere Energy, Inc. has a 52 week low of $37.01 and a 52 week high of $77.11. The company has a current ratio of 1.89, a quick ratio of 1.75 and a debt-to-equity ratio of 13.21.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Tuesday, February 23rd. The energy company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($1.42). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Cheniere Energy had a net margin of 10.94% and a return on equity of 19.31%. During the same quarter in the prior year, the business earned $3.34 earnings per share. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 2.41 earnings per share for the current year.
Cheniere Energy Profile
Cheniere Energy, Inc, an energy infrastructure company, 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 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
Featured Article: CAC 40 Index
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).