Tortoise Capital Advisors L.L.C. Boosts Stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)
Tortoise Capital Advisors L.L.C. boosted its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,050,063 shares of the energy company’s stock after buying an additional 127,342 shares during the period. Cheniere Energy accounts for about 3.6% of Tortoise Capital Advisors L.L.C.’s investment portfolio, making the stock its 11th biggest holding. Tortoise Capital Advisors L.L.C. owned approximately 3.14% of Cheniere Energy worth $551,027,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of LNG. San Francisco Sentry Investment Group CA lifted its holdings in shares of Cheniere Energy by 130.7% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock valued at $33,000 after purchasing an additional 277 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at $36,000. Manchester Financial Inc. purchased a new position in Cheniere Energy in the 2nd quarter worth $38,000. Berman Capital Advisors LLC raised its stake in Cheniere Energy by 125.3% in the 1st quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after acquiring an additional 322 shares during the last quarter. Finally, Lee Financial Co purchased a new position in Cheniere Energy in the 2nd quarter worth $41,000.
Shares of NYSEAMERICAN:LNG traded up $0.86 during trading on Friday, reaching $66.82. 2,843,868 shares of the company’s stock traded hands, compared to its average volume of 1,803,488. Cheniere Energy, Inc. has a fifty-two week low of $55.09 and a fifty-two week high of $71.03.
LNG has been the subject of a number of research analyst reports. BTIG Research initiated coverage on Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. Morgan Stanley restated an “equal weight” rating and issued a $74.00 target price on shares of Cheniere Energy in a research note on Friday. Zacks Investment Research lowered Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 target price for the company. in a research note on Thursday, September 12th. Finally, Cowen restated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $75.63.
About Cheniere Energy
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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