Gateway Investment Advisers LLC reduced its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,258 shares of the energy company’s stock after selling 797 shares during the period. Gateway Investment Advisers LLC owned 0.06% of Cheniere Energy worth $10,272,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. raised its position in Cheniere Energy by 15.1% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 7,368,147 shares of the energy company’s stock worth $512,013,000 after acquiring an additional 969,224 shares during the period. Dimensional Fund Advisors LP raised its position in Cheniere Energy by 24.4% in the third quarter. Dimensional Fund Advisors LP now owns 685,335 shares of the energy company’s stock worth $47,623,000 after acquiring an additional 134,520 shares during the period. Franklin Resources Inc. raised its position in Cheniere Energy by 69.4% in the third quarter. Franklin Resources Inc. now owns 71,050 shares of the energy company’s stock worth $4,937,000 after acquiring an additional 29,100 shares during the period. United Services Automobile Association raised its position in Cheniere Energy by 5.1% in the third quarter. United Services Automobile Association now owns 33,837 shares of the energy company’s stock worth $2,351,000 after acquiring an additional 1,656 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in Cheniere Energy in the third quarter worth about $242,000.
Several research firms have recently weighed in on LNG. Evercore ISI began coverage on shares of Cheniere Energy in a research note on Tuesday, March 12th. They issued an “outperform” rating for the company. Scotiabank initiated coverage on shares of Cheniere Energy in a research note on Friday, February 8th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.17.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data 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 business had revenue of $2.38 billion for 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.
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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