Macquarie Group Ltd. lowered its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,168,867 shares of the energy company’s stock after selling 37,725 shares during the quarter. Macquarie Group Ltd. owned 1.33% of Cheniere Energy worth $139,258,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Kensico Capital Management Corp boosted its position in Cheniere Energy by 8.7% during the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after acquiring an additional 973,400 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Cheniere Energy by 15.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after acquiring an additional 804,825 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Cheniere Energy by 188.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock worth $185,841,000 after acquiring an additional 2,255,582 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Cheniere Energy by 92.1% during the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after purchasing an additional 1,273,441 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Cheniere Energy by 1.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,465,511 shares of the energy company’s stock worth $111,047,000 after purchasing an additional 29,335 shares in the last quarter.
Shares of Cheniere Energy, Inc. (NYSEAMERICAN LNG) opened at $53.64 on Friday. Cheniere Energy, Inc. has a 12 month low of $40.36 and a 12 month high of $60.22. The firm has a market capitalization of $12,860.00, a price-to-earnings ratio of 2,682.00 and a beta of 1.73.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.19. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was up 205.2% on a year-over-year basis.
In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now directly owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
A number of equities research analysts have recently issued reports on LNG shares. Citigroup upped their price objective on Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Cowen started coverage on Cheniere Energy in a research note on Friday, November 17th. They set a “market perform” rating and a $56.00 price objective on the stock. Zacks Investment Research cut Cheniere Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus began coverage on Cheniere Energy in a research note on Thursday, January 4th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Barclays restated a “buy” rating and issued a $62.00 price target on shares of Cheniere Energy in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.25.
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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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