Metropolitan Life Insurance Co. NY acquired a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,094 shares of the energy company’s stock, valued at approximately $651,000.
Other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its position in shares of Cheniere Energy by 899.3% during the third quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after acquiring an additional 945,777 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Cheniere Energy by 1.2% during the third quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock worth $16,582,000 after acquiring an additional 4,247 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $2,249,000. Kensico Capital Management Corp lifted its position in shares of Cheniere Energy by 8.7% during the third 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 in the last quarter. Finally, Fusion Family Wealth LLC lifted its position in shares of Cheniere Energy by 1,502.7% during the fourth quarter. Fusion Family Wealth LLC now owns 4,808 shares of the energy company’s stock worth $259,000 after acquiring an additional 4,508 shares in the last quarter.
Several research analysts have recently weighed in on LNG shares. Barclays set a $65.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Monday, February 12th. Morgan Stanley upped their price target on shares of Cheniere Energy from $50.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus started coverage on shares of Cheniere Energy in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Cowen reaffirmed a “market perform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Cheniere Energy in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.08.
LNG opened at $54.36 on Monday. Cheniere Energy, Inc. has a 52 week low of $40.36 and a 52 week high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Wednesday, February 21st. The energy company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.19. The firm 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 EPS.
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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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