Cheniere Energy, Inc. (LNG) Holdings Increased by Baird Financial Group Inc.
Baird Financial Group Inc. boosted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 27.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,437 shares of the energy company’s stock after purchasing an additional 4,235 shares during the quarter. Baird Financial Group Inc.’s holdings in Cheniere Energy were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shamrock Asset Management LLC purchased a new stake in Cheniere Energy in the 3rd quarter worth approximately $196,000. Fiduciary Trust Co. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $207,000. Barber Financial Group Inc. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $215,000. Mariner Wealth Advisors LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $219,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $225,000.
Several research firms have recently weighed in on LNG. Barclays set a $65.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Monday, February 12th. Morgan Stanley raised their price objective on shares of Cheniere Energy from $50.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Cowen began coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They set a “market perform” rating and a $56.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.09.
Cheniere Energy, Inc. (LNG) opened at $52.18 on Monday. Cheniere Energy, Inc. has a twelve month low of $40.36 and a twelve month high of $60.22. The company has a market cap of $12,470.00, a price-to-earnings ratio of 2,609.00 and a beta of 1.73.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Wednesday, February 21st. The energy company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.19. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.25 EPS. Cheniere Energy’s revenue for the quarter was up 205.2% on a year-over-year basis.
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Cheniere Energy 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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