Essex Investment Management Co. LLC reduced its stake in shares of Cheniere Energy Inc. (NYSEMKT:LNG) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,916 shares of the company’s stock after selling 8 shares during the period. Essex Investment Management Co. LLC’s holdings in Cheniere Energy were worth $1,349,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. acquired a new position in Cheniere Energy during the first quarter valued at about $364,000. NWQ Investment Management Company LLC acquired a new position in Cheniere Energy during the first quarter valued at about $69,619,000. Aviva PLC raised its position in Cheniere Energy by 0.9% in the first quarter. Aviva PLC now owns 120,483 shares of the company’s stock valued at $4,076,000 after buying an additional 1,060 shares during the period. ING Groep NV acquired a new position in Cheniere Energy during the first quarter valued at about $1,578,000. Finally, Huntington Asset Advisors Inc. acquired a new position in Cheniere Energy during the first quarter valued at about $162,000.
Shares of Cheniere Energy Inc. (NYSEMKT:LNG) traded up 0.53% during trading on Friday, reaching $43.60. 6,175,604 shares of the company’s stock were exchanged. Cheniere Energy Inc. has a 52-week low of $22.80 and a 52-week high of $54.95. The stock’s market cap is $9.95 billion. The stock’s 50 day moving average price is $43.88 and its 200-day moving average price is $38.35.
Cheniere Energy (NYSEMKT:LNG) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.46) by $0.15. The company had revenue of $176.80 million for the quarter, compared to analyst estimates of $64.08 million. The firm’s revenue was up 160.0% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy Inc. will post ($1.96) EPS for the current year.
Several research analysts recently issued reports on LNG shares. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, July 20th. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $54.00 price objective on shares of Cheniere Energy in a report on Wednesday, July 6th. Howard Weil raised shares of Cheniere Energy from a “sector perform” rating to a “sector outperform” rating and set a $52.00 price objective for the company in a report on Tuesday, June 14th. Finally, Wolfe Research started coverage on shares of Cheniere Energy in a report on Wednesday, June 22nd. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Cheniere Energy currently has an average rating of “Buy” and a consensus price target of $56.00.
In related news, Director Nuno Brandolini sold 8,999 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $45.34, for a total transaction of $408,014.66. Following the completion of the transaction, the director now directly owns 249,602 shares in the company, valued at approximately $11,316,954.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jack A. Fusco purchased 35,063 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was acquired at an average price of $42.78 per share, with a total value of $1,499,995.14. Following the completion of the transaction, the insider now owns 340,824 shares in the company, valued at approximately $14,580,450.72. The disclosure for this purchase can be found here.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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