Wall Street Zen upgraded shares of Cheniere Energy (NYSE:LNG – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
LNG has been the subject of a number of other reports. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Jefferies Financial Group raised their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $298.88.
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Cheniere Energy Trading Down 5.3%
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of LNG. Brighton Jones LLC acquired a new position in Cheniere Energy during the 4th quarter valued at about $335,000. Bank of Nova Scotia lifted its stake in shares of Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after acquiring an additional 1,035 shares during the period. Sei Investments Co. lifted its stake in shares of Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after acquiring an additional 34,422 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
About Cheniere Energy
Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.
Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.
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