Tellurian Inc (TELL) is General Electric Co.’s Largest Position

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General Electric Co. lowered its holdings in Tellurian Inc (NASDAQ:TELL) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,733,925 shares of the oil and gas producer’s stock after selling 1,843,982 shares during the quarter. Tellurian accounts for about 54.2% of General Electric Co.’s investment portfolio, making the stock its biggest holding. General Electric Co.’s holdings in Tellurian were worth $19,001,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Tellurian by 4.3% during the third quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock valued at $75,645,000 after acquiring an additional 346,785 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Tellurian during the 4th quarter valued at about $123,000. Catalyst Capital Advisors LLC raised its holdings in shares of Tellurian by 14.0% during the 4th quarter. Catalyst Capital Advisors LLC now owns 360,525 shares of the oil and gas producer’s stock valued at $2,506,000 after buying an additional 44,400 shares in the last quarter. GWM Advisors LLC purchased a new position in shares of Tellurian during the 4th quarter valued at about $79,000. Finally, Linscomb & Williams Inc. purchased a new position in shares of Tellurian during the 4th quarter valued at about $904,000. Hedge funds and other institutional investors own 21.47% of the company’s stock.

Tellurian stock traded down $0.04 during trading hours on Thursday, reaching $10.04. The company had a trading volume of 80,509 shares, compared to its average volume of 1,413,174. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $2.41 billion, a P/E ratio of -17.61 and a beta of 1.92. Tellurian Inc has a 12-month low of $5.90 and a 12-month high of $12.45.

A number of brokerages recently weighed in on TELL. Scotiabank began coverage on Tellurian in a report on Friday, February 8th. They set a “sector perform” rating on the stock. BTIG Research began coverage on Tellurian in a report on Monday, March 11th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised Tellurian from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Credit Suisse Group raised their price objective on Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. Finally, BidaskClub raised Tellurian from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $13.25.

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Tellurian Profile

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

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