Somerset Group Lowers stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Somerset Group reduced its stake in Cheniere Energy by 4.97% during the most recent quarter end. The investment management company now holds a total of 29,814 shares of Cheniere Energy which is valued at $1,115,044 after selling 1,560 shares in Cheniere Energy , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Cheniere Energy makes up approximately 1.17% of Somerset Group’s portfolio.

Cheniere Energy opened for trading at $37 and hit $37.53 on the upside on Friday, eventually ending the session at $37.4, with a gain of 0.51% or 0.19 points. The heightened volatility saw the trading volume jump to 27,86,757 shares. Company has a market cap of $8,812 M.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in LNG in the latest quarter, The investment management firm added 167,134 additional shares and now holds a total of 348,248 shares of Cheniere Energy which is valued at $13,024,475. Cheniere Energy makes up approx 0.11% of Gateway Investment Advisers’s portfolio. Independent Portfolio Consultants added LNG to its portfolio by purchasing 2,725 company shares during the most recent quarter which is valued at $101,179. Cheniere Energy makes up approx 0.03% of Independent Portfolio Consultants’s portfolio. Central Trust Co sold out all of its stake in LNG during the most recent quarter. The investment firm sold 300 shares of LNG which is valued $11,139.Hollencrest Securities reduced its stake in LNG by selling 1,827 shares or 17.86% in the most recent quarter. The Hedge Fund company now holds 8,400 shares of LNG which is valued at $297,696. Cheniere Energy makes up approx 0.05% of Hollencrest Securities’s portfolio.

On the company’s financial health, Cheniere Energy reported $-1.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.69 based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus of $-0.59. The company had revenue of $68.40 million for the quarter, compared to analysts expectations of $67.04 million. The company’s revenue was up 3.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cheniere Energy. Cheniere Energy was Initiated by JP Morgan to “Overweight” on Mar 4, 2016. Cheniere Energy was Upgraded by Goldman to ” Buy” on Feb 23, 2016.

Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P. (Cheniere Partners) which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.

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