Nuno Brandolini Sells 20,000 Shares of Cheniere Energy, Inc. (LNG) Stock

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Director Nuno Brandolini sold 20,000 shares of the company’s stock in a transaction 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 directly owns 232,271 shares in the company, valued at $11,618,195.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $0.56 during trading hours on Thursday, reaching $54.44. 2,334,576 shares of the company’s stock were exchanged, compared to its average volume of 2,347,572. Cheniere Energy, Inc. has a 12-month low of $40.36 and a 12-month high of $56.14. The company has a market capitalization of $13,120.00, a price-to-earnings ratio of -30.93 and a beta of 1.81.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned ($0.41) EPS. The company’s revenue for the quarter was up 201.7% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in LNG. Vanguard Group Inc. raised its stake in shares of Cheniere Energy by 3.8% during the second quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock worth $858,946,000 after acquiring an additional 653,176 shares in the last quarter. Kensico Capital Management Corp raised its stake in shares of Cheniere Energy by 8.7% during the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after acquiring an additional 973,400 shares in the last quarter. FMR LLC raised its stake in shares of Cheniere Energy by 482.7% during the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after acquiring an additional 5,584,446 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 15.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after buying an additional 804,825 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Cheniere Energy by 29.6% in the third quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock worth $144,425,000 after buying an additional 732,167 shares during the period.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a report on Wednesday, October 25th. Citigroup increased their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 16th. BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Cowen assumed coverage on shares of Cheniere Energy in a report on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $54.46.

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Cheniere Energy Company Profile

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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