Finepoint Capital LP maintained its stake in Cheniere Energy, Inc. (NYSEMKT:LNG) during the fourth quarter, Holdings Channel reports. The fund owned 1,543,000 shares of the company’s stock at the end of the fourth quarter. Cheniere Energy makes up 29.9% of Finepoint Capital LP’s investment portfolio, making the stock its 2nd largest position. Finepoint Capital LP owned about 0.67% of Cheniere Energy worth $63,926,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its position in shares of Cheniere Energy by 15.0% in the second quarter. Hennessy Advisors Inc. now owns 1,709,117 shares of the company’s stock worth $64,177,000 after buying an additional 223,500 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Cheniere Energy by 3,397.0% in the second quarter. Neuberger Berman Group LLC now owns 2,683,717 shares of the company’s stock worth $100,774,000 after buying an additional 2,606,973 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in Cheniere Energy during the second quarter worth approximately $553,000. Prudential Financial Inc. boosted its stake in Cheniere Energy by 118.8% in the second quarter. Prudential Financial Inc. now owns 33,150 shares of the company’s stock worth $1,245,000 after buying an additional 18,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Cheniere Energy during the second quarter worth approximately $2,993,000.
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) traded down 0.54% during trading on Tuesday, hitting $47.88. The stock had a trading volume of 1,554,408 shares. Cheniere Energy, Inc. has a 12-month low of $26.76 and a 12-month high of $50.53. The stock’s 50 day moving average is $45.53 and its 200-day moving average is $42.57. The company’s market cap is $10.96 billion.
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Several brokerages recently commented on LNG. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, December 7th. Scotiabank cut Cheniere Energy to a “hold” rating and set a $33.00 price target for the company. in a research report on Thursday, December 15th. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 price target (down from $54.00) on shares of Cheniere Energy in a research report on Tuesday, December 13th. Finally, Wells Fargo & Company began coverage on Cheniere Energy in a research report on Wednesday, February 8th. They set an “outperform” rating and a $50.53 price target for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.25.
In other Cheniere Energy news, SVP Ed Lehotsky sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $413,800.00. Following the completion of the transaction, the senior vice president now owns 57,687 shares of the company’s stock, valued at $2,387,088.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Kilpatrick sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $41.87, for a total value of $209,350.00. Following the transaction, the director now directly owns 14,051 shares of the company’s stock, valued at approximately $588,315.37. The disclosure for this sale can be found here. Insiders sold a total of 43,441 shares of company stock valued at $1,816,090 over the last ninety days.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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