Cushing Asset Management LP cut its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,130,807 shares of the energy company’s stock after selling 50,124 shares during the quarter. Cheniere Energy makes up approximately 1.8% of Cushing Asset Management LP’s holdings, making the stock its 16th largest holding. Cushing Asset Management LP owned about 0.48% of Cheniere Energy worth $60,883,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartree Partners LP increased its holdings in shares of Cheniere Energy by 50.0% in the 4th quarter. Hartree Partners LP now owns 73,500 shares of the energy company’s stock valued at $3,957,000 after acquiring an additional 24,500 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Cheniere Energy by 3.5% in the 4th quarter. Teachers Advisors LLC now owns 330,349 shares of the energy company’s stock valued at $17,786,000 after acquiring an additional 11,190 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $32,947,000. Ellington Management Group LLC acquired a new position in Cheniere Energy during the 4th quarter valued at approximately $802,000. Finally, Terra Nova Asset Management LLC boosted its position in Cheniere Energy by 48.1% during the 4th quarter. Terra Nova Asset Management LLC now owns 19,817 shares of the energy company’s stock valued at $1,067,000 after purchasing an additional 6,435 shares during the period.
A number of research firms recently issued reports on LNG. Scotiabank restated a “buy” rating and set a $65.00 price objective on shares of Cheniere Energy in a research report on Monday, January 29th. Zacks Investment Research lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Guggenheim restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, February 16th. Cowen restated a “market perform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Cheniere Energy in a research report on Wednesday, February 21st. Finally, Morgan Stanley boosted their price objective on Cheniere Energy from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $58.09.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.19. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. The company’s quarterly revenue was up 205.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS.
In other news, Director Nuno Brandolini sold 20,000 shares of the business’s 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 directly 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 Securities & Exchange Commission, which can be accessed 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 value of $315,752.00. Following the sale, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here.
Cheniere Energy Company 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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