Levin Capital Strategies L.P. trimmed its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 23.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 46,737 shares of the energy company’s stock after selling 14,653 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Cheniere Energy were worth $2,516,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Fiduciary Trust Co. bought a new position in Cheniere Energy during the 4th quarter valued at about $207,000. Barber Financial Group Inc. bought a new position in shares of Cheniere Energy in the 4th quarter worth approximately $215,000. WINTON GROUP Ltd bought a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC bought a new stake in Cheniere Energy during the 4th quarter worth approximately $225,000. Finally, Shamrock Asset Management LLC bought a new stake in Cheniere Energy during the 3rd quarter worth approximately $196,000.
In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of Cheniere Energy stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $50.02, for a total value of $1,000,400.00. Following the transaction, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the transaction, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The disclosure for this sale can be found here.
A number of research firms have commented on LNG. Scotiabank restated a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a research note on Monday, January 29th. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, February 16th. Cowen reissued a “market perform” rating and issued a $62.00 target price (up from $56.00) on shares of Cheniere Energy in a report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Cheniere Energy from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Cheniere Energy currently has a consensus rating of “Hold” and a consensus target price of $58.09.
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) traded down $0.53 during trading hours on Friday, hitting $55.71. The stock had a trading volume of 1,740,000 shares, compared to its average volume of 2,140,000. Cheniere Energy, Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $60.22. The company has a market capitalization of $13,120.00, a P/E ratio of 2,785.50 and a beta of 1.72.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.19. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. The firm’s revenue for the quarter was up 205.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share.
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Cheniere Energy Company Profile
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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