Beech Hill Advisors Inc. continued to hold its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,500 shares of the energy company’s stock at the end of the second quarter. Beech Hill Advisors Inc.’s holdings in Cheniere Energy were worth $219,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Atria Investments LLC boosted its stake in Cheniere Energy by 5.9% in the first quarter. Atria Investments LLC now owns 6,780 shares of the energy company’s stock worth $320,000 after buying an additional 378 shares during the period. Capstone Asset Management Co. purchased a new stake in Cheniere Energy during the first quarter worth about $230,000. Regentatlantic Capital LLC purchased a new stake in Cheniere Energy during the first quarter worth about $201,000. Gulf International Bank UK Ltd boosted its stake in Cheniere Energy by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 67,260 shares of the energy company’s stock worth $3,179,000 after buying an additional 500 shares during the period. Finally, Paradigm Financial Advisors LLC boosted its stake in Cheniere Energy by 22.1% in the first quarter. Paradigm Financial Advisors LLC now owns 27,215 shares of the energy company’s stock worth $1,286,000 after buying an additional 4,925 shares during the period.
Cheniere Energy, Inc. (NYSE LNG) traded up 3.60% during mid-day trading on Friday, hitting $42.59. 3,173,291 shares of the stock traded hands. The firm’s 50-day moving average price is $46.19 and its 200-day moving average price is $47.03. Cheniere Energy, Inc. has a 52 week low of $35.07 and a 52 week high of $51.41. The firm’s market cap is $9.90 billion.
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A number of research analysts have recently commented on LNG shares. Guggenheim started coverage on shares of Cheniere Energy in a research report on Monday, April 17th. They set a “buy” rating and a $54.00 price objective for the company. BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $58.00 price objective (up previously from $55.00) on shares of Cheniere Energy in a research report on Saturday, April 22nd. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.08.
About Cheniere Energy
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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