Macquarie Group Ltd. trimmed its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,168,867 shares of the energy company’s stock after selling 37,725 shares during the period. Macquarie Group Ltd. owned 1.33% of Cheniere Energy worth $139,258,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its position in Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock valued at $47,335,000 after acquiring an additional 945,777 shares during the period. Asset Management One Co. Ltd. lifted its position in Cheniere Energy by 1.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after acquiring an additional 4,247 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Cheniere Energy during the 4th quarter valued at about $2,249,000. Cadence Capital Management LLC purchased a new position in Cheniere Energy during the 3rd quarter valued at about $1,036,000. Finally, Kensico Capital Management Corp lifted 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 valued at $548,812,000 after acquiring an additional 973,400 shares during the period.
Several research analysts have issued reports on the stock. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a report on Wednesday, February 21st. 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. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Barclays reaffirmed a “buy” rating and issued a $62.00 target price on shares of Cheniere Energy in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $59.08.
Shares of LNG stock traded down $1.85 during trading hours on Friday, reaching $54.36. The company had a trading volume of 1,754,446 shares, compared to its average volume of 2,146,210. Cheniere Energy, Inc. has a one year low of $40.36 and a one year high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s revenue was up 205.2% compared to the same quarter last year.
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Cheniere Energy Company Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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