Strs Ohio lowered its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 44.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,772 shares of the energy company’s stock after selling 7,898 shares during the quarter. Strs Ohio’s holdings in Cheniere Energy were worth $526,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlantic Trust LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $175,000. WINTON GROUP Ltd bought a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $203,000. Colony Group LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $211,000. Shamrock Asset Management LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $196,000. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $207,000.
Shares of Cheniere Energy, Inc. (LNG) opened at $55.57 on Monday. Cheniere Energy, Inc. has a 1-year low of $40.36 and a 1-year high of $60.22. The firm has a market capitalization of $13,810.00, a price-to-earnings ratio of -31.57 and a beta of 1.72.
A number of research firms recently issued reports on LNG. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Scotiabank restated a “buy” rating and set a $65.00 price objective on shares of Cheniere Energy in a report on Monday, January 29th. Barclays restated a “buy” rating and set a $62.00 price objective on shares of Cheniere Energy in a report on Friday, January 19th. Stifel Nicolaus began coverage on Cheniere Energy in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Cowen began coverage on Cheniere Energy in a report on Friday, November 17th. They set a “market perform” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.36.
In related news, Director Vicky A. Bailey sold 5,800 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now owns 2,464 shares of the company’s stock, valued at $121,105.60. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $2,299,152 over 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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