Cheniere Energy, Inc. (LNG) Stake Lifted by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd increased its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,805 shares of the energy company’s stock after buying an additional 3,850 shares during the period. Gulf International Bank UK Ltd’s holdings in Cheniere Energy were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Standard Life Aberdeen plc increased its stake in shares of Cheniere Energy by 1.7% in the 4th quarter. Standard Life Aberdeen plc now owns 11,110 shares of the energy company’s stock worth $651,000 after acquiring an additional 186 shares during the last quarter. Fiduciary Trust Co. increased its stake in shares of Cheniere Energy by 5.3% in the 4th quarter. Fiduciary Trust Co. now owns 4,000 shares of the energy company’s stock worth $237,000 after acquiring an additional 200 shares during the last quarter. Pillar Pacific Capital Management LLC increased its stake in shares of Cheniere Energy by 0.3% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 70,998 shares of the energy company’s stock worth $4,202,000 after acquiring an additional 225 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Cheniere Energy by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,388 shares of the energy company’s stock worth $378,000 after acquiring an additional 268 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Cheniere Energy by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 27,283 shares of the energy company’s stock worth $1,614,000 after acquiring an additional 289 shares during the last quarter.

NYSEAMERICAN:LNG opened at $65.00 on Monday. Cheniere Energy, Inc. has a 12-month low of $55.09 and a 12-month high of $71.03.

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

A number of research firms 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 for the company. Goldman Sachs Group upgraded Cheniere Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 2nd. Scotiabank began coverage on Cheniere Energy in a report on Friday, February 8th. They set an “outperform” rating for the company. Finally, UBS Group began coverage on Cheniere Energy in a report on Thursday, January 3rd. They set a “buy” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Cheniere Energy has an average rating of “Buy” and a consensus price target of $77.17.

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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: Compound Annual Growth Rate (CAGR)

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

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