Geode Capital Management LLC decreased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,553,466 shares of the energy company’s stock after selling 20,790 shares during the period. Geode Capital Management LLC’s holdings in Cheniere Energy were worth $83,576,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Interstate Bank grew its position in Cheniere Energy by 2,873.0% in the 4th 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 last quarter. Shamrock Asset Management LLC bought a new position in Cheniere Energy in the 3rd quarter worth about $196,000. Fiduciary Trust Co. acquired a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $207,000. Barber Financial Group Inc. acquired a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $215,000. Finally, Mariner Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $219,000.
Shares of Cheniere Energy, Inc. (LNG) opened at $53.63 on Tuesday. Cheniere Energy, Inc. has a one year low of $40.36 and a one year high of $60.22. The company has a market cap of $12,860.00, a P/E ratio of 2,681.50 and a beta of 1.73.
A number of brokerages have recently weighed in on LNG. Alembic Global Advisors reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Monday, February 26th. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a research note on Wednesday, February 21st. Morgan Stanley upped their price target on shares of Cheniere Energy from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus began coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned 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.
In related news, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the sale, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nuno Brandolini sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the sale, the director now owns 232,271 shares of the company’s stock, valued at approximately $11,618,195.42. The disclosure for this sale can be found here.
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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