Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has been given a consensus rating of “Buy” by the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $58.78.
A number of brokerages have weighed in on LNG. Alembic Global Advisors reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Monday, February 26th. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a research note on Wednesday, February 21st. Morgan Stanley lifted their price target on shares of Cheniere Energy from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus began coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock.
Cheniere Energy (LNG) opened at $53.90 on Wednesday. Cheniere Energy has a one year low of $40.36 and a one year high of $60.22. The firm has a market cap of $12,860.00, a P/E ratio of 2,695.00 and a beta of 1.73.
In other news, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction 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 sale, the director now owns 232,271 shares of the company’s stock, valued at $11,618,195.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction 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 directly owns 35,765 shares in the company, valued at approximately $1,947,046.60. The disclosure for this sale can be found here.
A number of institutional investors and hedge funds have recently modified their holdings of LNG. The Manufacturers Life Insurance Company increased its holdings in Cheniere Energy by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,492 shares of the energy company’s stock worth $462,000 after buying an additional 733 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Cheniere Energy during the third quarter worth $253,000. Principal Financial Group Inc. increased its holdings in Cheniere Energy by 89.1% during the third quarter. Principal Financial Group Inc. now owns 27,074 shares of the energy company’s stock worth $1,219,000 after buying an additional 12,760 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in Cheniere Energy by 16.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 19,468 shares of the energy company’s stock worth $877,000 after buying an additional 2,721 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Cheniere Energy by 42.0% during the third quarter. Sei Investments Co. now owns 287,428 shares of the energy company’s stock worth $12,946,000 after buying an additional 85,034 shares during the last quarter.
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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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