Bessemer Group Inc. raised its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,842 shares of the energy company’s stock after buying an additional 3,523 shares during the period. Bessemer Group Inc.’s holdings in Cheniere Energy were worth $3,437,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. lifted its holdings in shares of Cheniere Energy by 899.3% during the third quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after purchasing an additional 945,777 shares during the period. Janus Henderson Group PLC lifted its holdings in Cheniere Energy by 22.1% in the second quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after buying an additional 7,667 shares during the period. Brookfield Asset Management Inc. lifted its holdings in Cheniere Energy by 43.3% in the second quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after buying an additional 566,100 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Cheniere Energy by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after buying an additional 4,247 shares during the period. Finally, Hennessy Advisors Inc. lifted its holdings in Cheniere Energy by 6.5% in the third quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock valued at $72,083,000 after buying an additional 98,000 shares during the period.
Shares of Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $2.42 during mid-day trading on Friday, hitting $55.57. 3,910,000 shares of the company were exchanged, compared to its average volume of 2,150,000. The stock has a market cap of $13,810.00, a PE ratio of -31.57 and a beta of 1.72. Cheniere Energy, Inc. has a 12 month low of $40.36 and a 12 month high of $60.22.
In other news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the transaction, the director now owns 232,271 shares of the company’s stock, valued at approximately $11,618,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the transaction, the director now directly owns 35,765 shares in the company, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $2,299,152 in the last ninety days.
Several equities research analysts have weighed in on LNG shares. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Scotiabank reissued a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a research report on Monday, January 29th. Barclays reissued a “buy” rating and set a $62.00 target price on shares of Cheniere Energy in a research report on Friday, January 19th. Stifel Nicolaus initiated coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 target price for the company. Finally, Cowen initiated coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They set a “market perform” rating and a $56.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.36.
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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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