CIBC Private Wealth Group LLC raised its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,414,764 shares of the energy company’s stock after buying an additional 361,904 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.55% of Cheniere Energy worth $83,741,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in LNG. First Manhattan Co. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at approximately $29,000. Capital Investment Advisory Services LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $41,000. We Are One Seven LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $66,000. Meeder Asset Management Inc. acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $68,000. Finally, Progeny 3 Inc. acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $111,000.
A number of research analysts have recently issued reports on LNG shares. Goldman Sachs Group upgraded shares of Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. started coverage on shares of Cheniere Energy in a research report on Wednesday, October 31st. They issued an “overweight” rating on the stock. Citigroup dropped their price target on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Scotiabank started coverage on shares of Cheniere Energy in a research report on Friday. They issued an “outperform” rating on the stock. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Cheniere Energy in a research report on Tuesday, December 4th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $76.08.
Cheniere Energy stock opened at $65.59 on Monday. Cheniere Energy, Inc. has a 12-month low of $50.08 and a 12-month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Thursday, November 8th. The energy company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned ($1.24) EPS. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year.
In related news, Director Vicky A. Bailey sold 2,567 shares of the stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $55.90, for a total transaction of $143,495.30. Following the completion of the transaction, the director now owns 37,273 shares in the company, valued at $2,083,560.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jack A. Fusco purchased 15,000 shares of Cheniere Energy stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average price of $59.20 per share, with a total value of $888,000.00. Following the transaction, the insider now owns 564,599 shares of the company’s stock, valued at approximately $33,424,260.80. The disclosure for this purchase can be found here.
About Cheniere Energy
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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