Cheniere Energy, Inc. (LNG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,565 shares of the energy company’s stock after selling 5,855 shares during the quarter. Principal Financial Group Inc.’s holdings in Cheniere Energy were worth $1,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its position in shares of Cheniere Energy by 48.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,630 shares of the energy company’s stock worth $96,000 after acquiring an additional 530 shares during the period. QS Investors LLC increased its position in shares of Cheniere Energy by 37.1% during the fourth quarter. QS Investors LLC now owns 26,179 shares of the energy company’s stock worth $1,550,000 after acquiring an additional 7,085 shares during the period. Aviance Capital Management LLC increased its position in shares of Cheniere Energy by 56.6% during the fourth quarter. Aviance Capital Management LLC now owns 6,659 shares of the energy company’s stock worth $394,000 after acquiring an additional 2,407 shares during the period. Claybrook Capital LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $34,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Cheniere Energy by 3.6% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 28,400 shares of the energy company’s stock worth $1,681,000 after acquiring an additional 1,000 shares during the period.

Shares of LNG stock opened at $65.00 on Friday. Cheniere Energy, Inc. has a 12 month low of $55.09 and a 12 month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Tuesday, February 26th. The energy company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $1.77 billion. The company’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS.

A number of analysts have recently weighed in on LNG shares. Goldman Sachs Group raised Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. UBS Group started coverage on Cheniere Energy in a research report on Thursday, January 3rd. They set a “buy” rating and a $72.00 price objective on the stock. Scotiabank started coverage on Cheniere Energy in a research report on Friday, February 8th. They set an “outperform” rating on the stock. Finally, Evercore ISI started coverage on Cheniere Energy in a research report on Tuesday, March 12th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $77.17.

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Cheniere Energy Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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