Brookfield Asset Management Inc. trimmed its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,100 shares of the energy company’s stock after selling 86,200 shares during the quarter. Brookfield Asset Management Inc. owned about 0.23% of Cheniere Energy worth $29,079,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in LNG. First Interstate Bank raised its stake in shares of Cheniere Energy by 2,873.0% in the fourth quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock worth $160,000 after purchasing an additional 2,873 shares during the last quarter. Shamrock Asset Management LLC purchased a new position in shares of Cheniere Energy in the third quarter worth about $196,000. Fiduciary Trust Co. purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $207,000. BB&T Securities LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $209,000. Finally, Barber Financial Group Inc. purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $215,000.
Shares of LNG stock opened at $54.32 on Wednesday. The company has a market capitalization of $12,860.00, a PE ratio of 2,716.00 and a beta of 1.73. Cheniere Energy, Inc. has a 1-year low of $40.36 and a 1-year high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.35 by $0.19. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 205.2% on a year-over-year basis.
In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total value of $315,752.00. Following the sale, the director now directly owns 35,765 shares of the company’s stock, valued at $1,947,046.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Several brokerages have recently issued reports on LNG. TheStreet upgraded Cheniere Energy from a “d+” rating to a “c” rating in a research note on Wednesday, February 21st. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, February 16th. Scotiabank reaffirmed a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a report on Monday, January 29th. Zacks Investment Research raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Barclays reaffirmed a “buy” rating and set a $62.00 target price on shares of Cheniere Energy in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $58.25.
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Cheniere Energy Profile
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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