Amundi Pioneer Asset Management Inc. Buys New Holdings in Cheniere Energy, Inc. (LNG)

Amundi Pioneer Asset Management Inc. bought a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,785 shares of the energy company’s stock, valued at approximately $2,303,000.

Other hedge funds have also modified their holdings of the company. First Interstate Bank increased its holdings 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 period. Fiduciary Trust Co. bought a new position in shares of Cheniere Energy in the fourth quarter worth $207,000. Barber Financial Group Inc. bought a new position in shares of Cheniere Energy in the fourth quarter worth $215,000. Mariner Wealth Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $219,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $225,000.

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Cheniere Energy, Inc. (NYSEAMERICAN LNG) opened at $52.01 on Monday. Cheniere Energy, Inc. has a 1 year low of $40.36 and a 1 year high of $60.22. The stock has a market cap of $12,860.00, a price-to-earnings ratio of 2,600.50 and a beta of 1.73.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue 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 company’s stock in a transaction dated Tuesday, January 2nd. The shares were 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 $1,947,046.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, March 15th. They issued a “buy” rating and a $60.00 price target on the stock. Alembic Global Advisors reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Monday, February 26th. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a report on Wednesday, February 21st. Morgan Stanley upped their target price on shares of Cheniere Energy from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Finally, Cowen reiterated a “market perform” rating and issued a $62.00 target price (up from $56.00) on shares of Cheniere Energy in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target 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.

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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