Bank of Montreal Can cut its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,581 shares of the energy company’s stock after selling 6,846 shares during the period. Bank of Montreal Can’s holdings in Cheniere Energy were worth $5,361,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LNG. Tower Research Capital LLC TRC acquired a new position in Cheniere Energy during the second quarter valued at $121,000. Atlantic Trust LLC acquired a new position in Cheniere Energy during the second quarter valued at $175,000. Shamrock Asset Management LLC acquired a new position in Cheniere Energy during the third quarter valued at $196,000. WINTON GROUP Ltd acquired a new position in Cheniere Energy during the second quarter valued at $203,000. Finally, Nine Chapters Capital Management LLC acquired a new position in Cheniere Energy during the third quarter valued at $207,000.

In other news, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the completion of the sale, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Kilpatrick sold 20,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock valued at $2,299,152.

LNG has been the topic of a number of recent research reports. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research note on Wednesday, October 25th. BidaskClub downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. lowered their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Citigroup boosted their target price on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Cowen initiated coverage on Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.88.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) opened at $56.01 on Friday. The stock has a market capitalization of $13,310.00, a PE ratio of -31.82 and a beta of 1.72. 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 quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. The business’s quarterly revenue was up 201.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) EPS.

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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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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