Cadence Capital Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,001 shares of the energy company’s stock, valued at approximately $1,036,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $121,000. Van ECK Associates Corp grew its holdings in shares of Cheniere Energy by 11.7% in the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $175,000. Fiduciary Trust Co. acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $188,000. Finally, Shamrock Asset Management LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $196,000.
A number of research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective for the company. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. Cowen started coverage on shares of Cheniere Energy in a report on Friday, November 17th. They set a “market perform” rating and a $56.00 price target for the company. Citigroup upped their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.50.
In other news, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the transaction, the director now owns 2,464 shares in the company, valued at approximately $121,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $0.15 during trading on Wednesday, reaching $47.85. 1,933,000 shares of the company’s stock were exchanged, compared to its average volume of 1,965,826. Cheniere Energy, Inc. has a 52 week low of $40.36 and a 52 week high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s revenue was up 201.7% compared to the same quarter last year. During the same period in the prior year, the firm 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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