LPL Financial LLC Grows Holdings in Cheniere Energy, Inc. (LNG)

LPL Financial LLC raised its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 32.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,852 shares of the energy company’s stock after purchasing an additional 27,369 shares during the period. LPL Financial LLC’s holdings in Cheniere Energy were worth $5,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. American International Group Inc. bought a new position in shares of Cheniere Energy during the 4th quarter valued at about $250,000. FDx Advisors Inc. bought a new position in shares of Cheniere Energy during the 4th quarter valued at about $241,000. Baird Financial Group Inc. boosted its holdings in shares of Cheniere Energy by 27.9% during the 4th quarter. Baird Financial Group Inc. now owns 19,437 shares of the energy company’s stock valued at $1,046,000 after purchasing an additional 4,235 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Cheniere Energy by 34.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 69,965 shares of the energy company’s stock valued at $3,767,000 after purchasing an additional 17,825 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $229,000.

Cheniere Energy opened at $68.72 on Monday, Marketbeat Ratings reports. Cheniere Energy, Inc. has a 1-year low of $40.36 and a 1-year high of $69.50.

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

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Cheniere Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, May 7th. Stifel Nicolaus upped their target price on shares of Cheniere Energy from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 7th. Cowen upped their target price on shares of Cheniere Energy from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 30th. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, May 17th. Finally, Sanford C. Bernstein upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a research report on Monday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Cheniere Energy has a consensus rating of “Buy” and a consensus target price of $63.64.

Cheniere Energy 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.

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

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