Cheniere Energy, Inc. (LNG) Stake Increased by Pointe Capital Management LLC
Pointe Capital Management LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 15,055 shares of the energy company’s stock after buying an additional 76 shares during the period. Pointe Capital Management LLC’s holdings in Cheniere Energy were worth $733,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Cheniere Energy by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock valued at $23,582,000 after buying an additional 49,801 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Cheniere Energy during the first quarter valued at about $142,000. Oppenheimer Asset Management Inc. purchased a new stake in Cheniere Energy during the first quarter valued at about $341,000. AQR Capital Management LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at about $339,000. Finally, Addison Capital Co increased its stake in Cheniere Energy by 32.8% in the first quarter. Addison Capital Co now owns 48,109 shares of the energy company’s stock valued at $2,274,000 after buying an additional 11,883 shares in the last quarter.
Shares of Cheniere Energy, Inc. (NYSE LNG) opened at 43.00 on Thursday. The firm’s market cap is $9.99 billion. The firm has a 50 day moving average price of $46.48 and a 200 day moving average price of $47.07. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. Cheniere Energy also saw unusually large options trading activity on Monday. Stock traders purchased 8,534 put options on the company. This is an increase of approximately 742% compared to the average volume of 1,013 put options.
LNG has been the topic of several recent research reports. Guggenheim initiated coverage on Cheniere Energy in a research note on Monday, April 17th. They issued a “buy” rating and a $54.00 price target on the stock. BidaskClub downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group reissued an “outperform” rating and issued a $58.00 price target (up previously from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. Zacks Investment Research downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Morgan Stanley downgraded Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price 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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