Cheniere Energy, Inc. (LNG) is Contravisory Investment Management Inc.’s 8th Largest Position

Contravisory Investment Management Inc. decreased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,047 shares of the energy company’s stock after selling 4,099 shares during the quarter. Cheniere Energy comprises about 2.4% of Contravisory Investment Management Inc.’s portfolio, making the stock its 8th biggest position. Contravisory Investment Management Inc.’s holdings in Cheniere Energy were worth $6,292,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. National Pension Service grew its position in shares of Cheniere Energy by 6.3% during the 4th quarter. National Pension Service now owns 253,700 shares of the energy company’s stock valued at $16,744,000 after acquiring an additional 15,000 shares during the period. New England Research & Management Inc. acquired a new stake in Cheniere Energy in the 1st quarter worth about $284,000. First Manhattan Co. acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $29,000. Executive Wealth Management LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $124,000. Finally, Advent International Corp MA boosted its holdings in shares of Cheniere Energy by 131.4% during the 3rd quarter. Advent International Corp MA now owns 592,855 shares of the energy company’s stock worth $41,197,000 after purchasing an additional 336,677 shares during the last quarter.

Shares of Cheniere Energy stock traded down $1.05 during trading hours on Monday, reaching $66.46. 1,447,487 shares of the company were exchanged, compared to its average volume of 1,713,440. Cheniere Energy, Inc. has a 1 year low of $55.09 and a 1 year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 36.5% on a year-over-year basis.

Several brokerages have recently weighed in on LNG. Evercore ISI began coverage on Cheniere Energy in a report on Tuesday, March 12th. They set an “outperform” rating on the stock. Goldman Sachs Group raised shares of Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Scotiabank started coverage on shares of Cheniere Energy in a research report on Friday, February 8th. They set an “outperform” rating on the stock. Finally, UBS Group started coverage on shares of Cheniere Energy in a research report on Thursday, January 3rd. They set a “buy” rating and a $72.00 price target on the stock. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $77.17.

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Cheniere Energy 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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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