Nisa Investment Advisors LLC Has $740,000 Position in Cheniere Energy, Inc. (LNG)
Nisa Investment Advisors LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the energy company’s stock after selling 1,210 shares during the period. Nisa Investment Advisors LLC’s holdings in Cheniere Energy were worth $740,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of LNG. Van ECK Associates Corp raised its stake in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock worth $126,000 after buying an additional 480 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Cheniere Energy during the first quarter worth about $142,000. Advisory Services Network LLC purchased a new stake in Cheniere Energy during the first quarter worth about $155,000. Toronto Dominion Bank raised its stake in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after buying an additional 449 shares in the last quarter. Finally, Regentatlantic Capital LLC purchased a new stake in Cheniere Energy during the first quarter worth about $201,000.
Cheniere Energy, Inc. (NYSE:LNG) traded down 2.75% during mid-day trading on Monday, hitting $43.45. 1,804,484 shares of the stock were exchanged. The company’s market cap is $10.10 billion. The company has a 50-day moving average price of $47.05 and a 200-day moving average price of $47.10. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.60. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $663.20 million. During the same quarter last year, the firm earned ($1.41) earnings per share. The firm’s quarterly revenue was up 1655.1% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post $0.62 earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on LNG. BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, June 13th. Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Barclays PLC lifted their price objective on shares of Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.08.
Cheniere Energy Company Profile
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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