Pinnacle Associates Ltd. lifted its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 34.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,965 shares of the energy company’s stock after buying an additional 17,825 shares during the period. Pinnacle Associates Ltd.’s holdings in Cheniere Energy were worth $3,767,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. raised its holdings in shares of Cheniere Energy by 27.9% in the 4th quarter. Baird Financial Group Inc. now owns 19,437 shares of the energy company’s stock valued at $1,046,000 after purchasing an additional 4,235 shares during the period. FDx Advisors Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $241,000. American International Group Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $250,000. Frontier Investment Mgmt Co. raised its holdings in shares of Cheniere Energy by 28.0% in the 4th quarter. Frontier Investment Mgmt Co. now owns 158,085 shares of the energy company’s stock valued at $8,511,000 after purchasing an additional 34,565 shares during the period. Finally, Mariner Wealth Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $219,000.
In other news, Director Nuno Brandolini sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the transaction, the director now directly owns 232,271 shares of the company’s stock, valued at $11,618,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the transaction, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here.
A number of brokerages have recently issued reports on LNG. BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a report on Wednesday. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, February 16th. Scotiabank reaffirmed a “buy” rating and issued a $65.00 target price on shares of Cheniere Energy in a report on Monday, January 29th. Finally, Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.09.
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) opened at $55.71 on Friday. The firm has a market cap of $13,120.00, a PE ratio of 2,785.50 and a beta of 1.72. Cheniere Energy, Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. The firm’s revenue was up 205.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share.
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Cheniere Energy 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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