Graybill Bartz & Assoc Ltd. Buys New Holdings in Cheniere Energy, Inc. (LNG)

Graybill Bartz & Assoc Ltd. bought a new position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 48,980 shares of the energy company’s stock, valued at approximately $3,348,000. Cheniere Energy comprises about 2.3% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Cheniere Energy in the first quarter worth about $485,000. MHI Funds LLC lifted its position in shares of Cheniere Energy by 8.3% in the first quarter. MHI Funds LLC now owns 4,440 shares of the energy company’s stock valued at $304,000 after acquiring an additional 341 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Cheniere Energy by 48.1% in the first quarter. Miller Howard Investments Inc. NY now owns 128,189 shares of the energy company’s stock valued at $8,763,000 after acquiring an additional 41,631 shares in the last quarter. Eagle Global Advisors LLC lifted its position in shares of Cheniere Energy by 11.6% in the first quarter. Eagle Global Advisors LLC now owns 316,507 shares of the energy company’s stock valued at $21,636,000 after acquiring an additional 33,000 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of Cheniere Energy in the first quarter valued at approximately $4,177,000.

LNG has been the topic of several research reports. UBS Group initiated coverage on Cheniere Energy in a research report on Thursday, January 3rd. They issued a “buy” rating and a $72.00 target price on the stock. Scotiabank initiated coverage on Cheniere Energy in a research report on Friday, February 8th. They issued an “outperform” rating on the stock. Goldman Sachs Group upgraded Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Evercore ISI initiated coverage on Cheniere Energy in a research report on Tuesday, March 12th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $77.17.

Cheniere Energy stock traded down $0.74 during trading on Wednesday, reaching $66.30. 21,895 shares of the company were exchanged, compared to its average volume of 1,709,753. Cheniere Energy, Inc. has a 52-week low of $55.09 and a 52-week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.10). The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 36.5% compared to the same quarter last year.

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Cheniere Energy Company 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.

See Also: Net Income

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

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