Alliancebernstein L.P. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 392,558 shares of the energy company’s stock after selling 4,179 shares during the period. Alliancebernstein L.P. owned about 0.16% of Cheniere Energy worth $27,279,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. FMR LLC lifted its position in shares of Cheniere Energy by 9.1% in the 2nd quarter. FMR LLC now owns 14,503,528 shares of the energy company’s stock valued at $945,486,000 after acquiring an additional 1,215,014 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Cheniere Energy by 6.8% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 6,398,923 shares of the energy company’s stock valued at $417,146,000 after acquiring an additional 404,683 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Cheniere Energy by 138.4% in the 3rd quarter. Jennison Associates LLC now owns 3,252,467 shares of the energy company’s stock valued at $226,014,000 after acquiring an additional 1,887,892 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $195,570,000. Finally, Millennium Management LLC lifted its position in shares of Cheniere Energy by 22.9% in the 2nd quarter. Millennium Management LLC now owns 2,429,696 shares of the energy company’s stock valued at $158,392,000 after acquiring an additional 452,718 shares in the last quarter.
Shares of LNG opened at $61.12 on Monday. Cheniere Energy, Inc. has a 12 month low of $46.00 and a 12 month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Thursday, November 8th. The energy company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted ($1.24) EPS. The firm’s revenue was up 29.7% compared to the same quarter last year.
Several equities research analysts recently commented on LNG shares. Citigroup reduced their price target on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday. Goldman Sachs Group started coverage on shares of Cheniere Energy in a research report on Monday, October 8th. They issued a “neutral” rating and a $77.00 price target for the company. Bank of America restated a “buy” rating and issued a $79.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 28th. Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $80.00 in a research report on Wednesday, September 26th. Finally, Barclays set a $78.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $75.64.
In other Cheniere Energy news, Director David B. Kilpatrick sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the sale, the director now directly owns 4,397 shares in the company, valued at approximately $302,865.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Sean N. Markowitz purchased 1,700 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was bought at an average price of $59.10 per share, for a total transaction of $100,470.00. Following the completion of the transaction, the general counsel now directly owns 57,643 shares in the company, valued at $3,406,701.30. The disclosure for this purchase can be found here.
Cheniere Energy Company Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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