EFG Asset Management Americas Corp. Has $788,000 Position in Cheniere Energy, Inc. (LNG)

EFG Asset Management Americas Corp. lifted its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,638 shares of the energy company’s stock after purchasing an additional 3,950 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Cheniere Energy were worth $788,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Kensico Capital Management Corp raised its stake 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 during the period. Tortoise Capital Advisors L.L.C. increased its stake in Cheniere Energy by 15.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after acquiring an additional 804,825 shares during the last quarter. Macquarie Group Ltd. increased its stake in Cheniere Energy by 29.6% in the 3rd quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock worth $144,425,000 after acquiring an additional 732,167 shares during the last quarter. CI Investments Inc. bought a new position in Cheniere Energy in the 3rd quarter worth about $120,279,000. Finally, Cohen & Steers Inc. increased its stake in Cheniere Energy by 92.1% in the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after acquiring an additional 1,273,441 shares during the last quarter.

A number of equities analysts have weighed in on the company. Barclays set a $65.00 target price on Cheniere Energy and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley upped their target price on Cheniere Energy from $50.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Scotiabank restated a “buy” rating and issued a $65.00 target price on shares of Cheniere Energy in a research note on Monday, January 29th. Finally, Stifel Nicolaus assumed coverage on Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Cheniere Energy has an average rating of “Buy” and a consensus price target of $57.45.

In related news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The stock was 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 approximately $11,618,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the sale, the director now owns 35,765 shares of the company’s stock, valued at $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 over the last quarter.

Cheniere Energy, Inc. (NYSEAMERICAN LNG) opened at $56.45 on Tuesday. The company has a market capitalization of $13,810.00, a PE ratio of -32.07 and a beta of 1.72. Cheniere Energy, Inc. has a 1 year low of $40.36 and a 1 year high of $60.22.

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

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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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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