Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $58.90.
Several brokerages recently commented on LNG. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday. They issued a “buy” rating and a $60.00 price target for the company. Alembic Global Advisors restated a “buy” rating on shares of Cheniere Energy in a research report on Monday, February 26th. Zacks Investment Research downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. TheStreet upgraded shares of Cheniere Energy from a “d+” rating to a “c” rating in a research report on Wednesday, February 21st. Finally, Morgan Stanley upped their price target on shares of Cheniere Energy from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd.
Shares of Cheniere Energy (LNG) traded up $0.68 during trading on Wednesday, hitting $54.32. 2,593,952 shares of the stock were exchanged, compared to its average volume of 2,211,443. The firm has a market cap of $12,860.00, a price-to-earnings ratio of 2,716.00 and a beta of 1.73. Cheniere Energy has a 1-year low of $40.36 and a 1-year high of $60.22.
In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the sale, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several institutional investors have recently added to or reduced their stakes in the company. Kensico Capital Management Corp raised its holdings in shares of Cheniere Energy by 8.7% during the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock valued at $548,812,000 after purchasing an additional 973,400 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Cheniere Energy by 15.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock valued at $272,869,000 after purchasing an additional 804,825 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Cheniere Energy by 188.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock valued at $185,841,000 after purchasing an additional 2,255,582 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Cheniere Energy by 29.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock valued at $144,425,000 after purchasing an additional 732,167 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in shares of Cheniere Energy by 92.1% during the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock valued at $119,600,000 after purchasing an additional 1,273,441 shares in the last quarter.
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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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