Cheniere Energy, Inc. (LNG) Stake Lifted by Global X Management Co. LLC
Global X Management Co. LLC increased its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,204 shares of the energy company’s stock after acquiring an additional 104,766 shares during the period. Global X Management Co. LLC’s holdings in Cheniere Energy were worth $24,401,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $207,000. Barber Financial Group Inc. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $215,000. WINTON GROUP Ltd bought a new stake in Cheniere Energy during the second quarter worth approximately $203,000. Quantitative Systematic Strategies LLC bought a new stake in Cheniere Energy during the fourth quarter worth approximately $225,000. Finally, Colony Group LLC bought a new stake in Cheniere Energy during the second quarter worth approximately $211,000.
In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the completion of the sale, the director now owns 232,271 shares in the company, valued at approximately $11,618,195.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,800 shares of company stock valued at $2,299,152.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was up 201.7% compared to the same quarter last year.
A number of brokerages recently weighed in on LNG. BidaskClub upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Scotiabank restated a “buy” rating and issued a $65.00 price target on shares of Cheniere Energy in a research report on Monday, January 29th. Zacks Investment Research upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays restated a “buy” rating and issued a $62.00 price target on shares of Cheniere Energy in a research report on Friday, January 19th. Finally, Citigroup upped their price target on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Cheniere Energy has an average rating of “Buy” and a consensus price target of $57.45.
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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