Metropolitan Life Insurance Co NY lowered its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,807 shares of the energy company’s stock after selling 279 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Cheniere Energy were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of Cheniere Energy by 113.5% in the 1st quarter. Nordea Investment Management AB now owns 28,983 shares of the energy company’s stock worth $1,981,000 after acquiring an additional 15,409 shares in the last quarter. Advisory Services Network LLC grew its stake in Cheniere Energy by 27.1% during the 1st quarter. Advisory Services Network LLC now owns 1,904 shares of the energy company’s stock worth $130,000 after buying an additional 406 shares during the last quarter. Allstate Corp grew its stake in Cheniere Energy by 11.3% during the 1st quarter. Allstate Corp now owns 21,185 shares of the energy company’s stock worth $1,448,000 after buying an additional 2,158 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Cheniere Energy during the 1st quarter worth $3,037,000. Finally, Marshall Wace LLP grew its stake in Cheniere Energy by 616.4% during the 1st quarter. Marshall Wace LLP now owns 61,199 shares of the energy company’s stock valued at $4,184,000 after purchasing an additional 52,657 shares during the last quarter.
LNG has been the subject of a number of research analyst reports. BTIG Research initiated coverage on Farfetch in a report on Tuesday. They set a “buy” rating and a $26.00 target price for the company. Cowen set a $63.00 target price on TJX Companies and gave the company a “buy” rating in a report on Tuesday, June 4th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Gabelli lowered Weatherford International from a “buy” rating to a “sell” rating in a research report on Monday, May 13th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $77.80.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.25. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $1.90 billion. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share.
Cheniere Energy Profile
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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