Janus Capital Management LLC Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)
Janus Capital Management LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 62.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,667 shares of the energy company’s stock after selling 12,600 shares during the period. Janus Capital Management LLC’s holdings in Cheniere Energy were worth $362,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Cheniere Energy during the first quarter valued at about $142,000. Advisory Services Network LLC acquired a new position in Cheniere Energy during the first quarter valued at about $155,000. Toronto Dominion Bank boosted its position in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after buying an additional 449 shares during the last quarter. Finally, Regentatlantic Capital LLC acquired a new position in Cheniere Energy during the first quarter valued at about $201,000.
Shares of Cheniere Energy, Inc. (NYSE:LNG) traded up 1.66% during midday trading on Friday, reaching $41.68. The company had a trading volume of 2,174,749 shares. The company’s 50-day moving average is $45.30 and its 200-day moving average is $46.80. The firm’s market cap is $9.69 billion. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41.
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LNG has been the subject of several research analyst reports. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Tuesday, June 13th. Zacks Investment Research lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Credit Suisse Group restated an “outperform” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. Finally, BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.08.
In other Cheniere Energy news, CFO Michael J. Wortley bought 5,000 shares of Cheniere Energy stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the acquisition, the chief financial officer now owns 433,830 shares in the company, valued at approximately $18,203,506.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Sean N. Markowitz bought 1,000 shares of Cheniere Energy stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now owns 10,022 shares of the company’s stock, valued at approximately $421,926.20. The disclosure for this purchase can be found here.
About Cheniere Energy
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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