NN Investment Partners Holdings N.V. lowered its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 36.0% during the 2nd quarter, Holdings Channel reports. The firm owned 64,399 shares of the energy company’s stock after selling 36,206 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cheniere Energy were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. PointState Capital LP raised its position in Cheniere Energy by 24.9% in the first quarter. PointState Capital LP now owns 6,846,793 shares of the energy company’s stock worth $365,961,000 after acquiring an additional 1,365,475 shares during the period. The Manufacturers Life Insurance Company raised its position in Cheniere Energy by 24.2% in the first quarter. The Manufacturers Life Insurance Company now owns 4,285,493 shares of the energy company’s stock worth $229,060,000 after acquiring an additional 833,761 shares during the period. Millennium Management LLC raised its position in Cheniere Energy by 137.8% in the first quarter. Millennium Management LLC now owns 1,976,978 shares of the energy company’s stock worth $105,669,000 after acquiring an additional 1,145,445 shares during the period. Brookfield Asset Management Inc. raised its position in Cheniere Energy by 75.5% in the first quarter. Brookfield Asset Management Inc. now owns 947,800 shares of the energy company’s stock worth $50,660,000 after acquiring an additional 407,700 shares during the period. Finally, Summit Trail Advisors LLC raised its position in Cheniere Energy by 97,824.4% in the first quarter. Summit Trail Advisors LLC now owns 787,312 shares of the energy company’s stock worth $787,000 after acquiring an additional 786,508 shares during the period.
Get Cheniere Energy alerts:LNG has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Monday, March 26th. Citigroup decreased their price target on shares of Cheniere Energy from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Stifel Nicolaus increased their price target on shares of Cheniere Energy from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 7th. Morgan Stanley increased their price target on shares of Cheniere Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, May 7th. Finally, Bank of America increased their price target on shares of Cheniere Energy from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Cheniere Energy presently has a consensus rating of “Buy” and a consensus target price of $66.64.
In other news, Director Nuno Brandolini sold 20,000 shares of the firm’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $65.00, for a total transaction of $1,300,000.00. Following the sale, the director now directly owns 224,204 shares in the company, valued at approximately $14,573,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather Zichal sold 3,406 shares of the firm’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $68.72, for a total transaction of $234,060.32. Following the sale, the director now owns 9,958 shares in the company, valued at $684,313.76. The disclosure for this sale can be found here. Insiders have sold a total of 9,023,406 shares of company stock worth $585,904,060 over the last 90 days.
Cheniere Energy opened at $61.30 on Wednesday, according to MarketBeat Ratings. Cheniere Energy, Inc. has a 1-year low of $40.36 and a 1-year high of $69.50.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Thursday, May 3rd. The energy company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $1.11. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $1.78 billion. The firm’s revenue was up 85.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share.
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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