Cheniere Energy, Inc. (LNG) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,281 shares of the energy company’s stock after selling 3,859 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cheniere Energy were worth $2,100,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. First Interstate Bank grew its holdings in Cheniere Energy by 2,873.0% in the fourth quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock valued at $160,000 after purchasing an additional 2,873 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Cheniere Energy in the fourth quarter valued at $207,000. BB&T Securities LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $209,000. Alps Advisors Inc. acquired a new stake in Cheniere Energy in the first quarter valued at $212,000. Finally, Barber Financial Group Inc. acquired a new stake in Cheniere Energy in the fourth quarter valued at $215,000.

Shares of NYSEAMERICAN:LNG opened at $62.39 on Friday. Cheniere Energy, Inc. has a 52-week low of $40.36 and a 52-week high of $63.97.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, May 3rd. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $1.11. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 85.1% compared to the same quarter last year.

Several analysts have weighed in on the company. Bank of America upped their target price on Cheniere Energy from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 8th. Morgan Stanley upped their target price on Cheniere Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, May 7th. Stifel Nicolaus upped their target price on Cheniere Energy from $65.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 7th. Citigroup lowered their target price on Cheniere Energy from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Finally, Sanford C. Bernstein raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Monday, March 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.64.

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 operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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

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