NWQ Investment Management Company LLC cut its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,554,163 shares of the energy company’s stock after selling 353,797 shares during the quarter. Cheniere Energy comprises 1.1% of NWQ Investment Management Company LLC’s holdings, making the stock its 21st largest position. NWQ Investment Management Company LLC’s holdings in Cheniere Energy were worth $83,676,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CI Investments Inc. purchased a new stake in shares of Cheniere Energy in the third quarter worth approximately $120,279,000. The Manufacturers Life Insurance Company raised its holdings in shares of Cheniere Energy by 188.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock worth $185,841,000 after buying an additional 2,255,582 shares during the period. Cohen & Steers Inc. raised its holdings in shares of Cheniere Energy by 92.1% in the third quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after buying an additional 1,273,441 shares during the period. Kensico Capital Management Corp raised its holdings in shares of Cheniere Energy by 8.7% in the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after buying an additional 973,400 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in shares of Cheniere Energy by 899.3% in the third quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after buying an additional 945,777 shares during the period.
Cheniere Energy, Inc. (LNG) opened at $54.05 on Monday. Cheniere Energy, Inc. has a 52 week low of $40.36 and a 52 week high of $60.22. The stock has a market capitalization of $12,860.00, a P/E ratio of 2,702.00 and a beta of 1.73.
Several equities research analysts have recently weighed in on the company. Alembic Global Advisors reiterated a “buy” rating on shares of Cheniere Energy in a report on Monday, February 26th. TheStreet upgraded Cheniere Energy from a “d+” rating to a “c” rating in a report on Wednesday, February 21st. Zacks Investment Research cut Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Morgan Stanley increased their price objective on Cheniere Energy from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus assumed coverage on Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.09.
In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the sale, the director now owns 232,271 shares of the company’s stock, valued at approximately $11,618,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction on Tuesday, January 2nd. The shares were 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 in the company, valued at approximately $1,947,046.60. The disclosure for this sale can be found here.
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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