Legal & General Group Plc lowered its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 835,885 shares of the energy company’s stock after selling 27,254 shares during the quarter. Legal & General Group Plc’s holdings in Cheniere Energy were worth $54,491,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LNG. Institutional & Family Asset Management LLC purchased a new stake in Cheniere Energy during the 1st quarter worth approximately $121,000. Cerebellum GP LLC purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $174,000. Exencial Wealth Advisors LLC purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $202,000. Sawtooth Solutions LLC purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $217,000. Finally, Keybank National Association OH purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $218,000.
LNG stock opened at $66.71 on Thursday. Cheniere Energy, Inc. has a 12 month low of $41.77 and a 12 month high of $69.50.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.32). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.64 billion. Cheniere Energy’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.23) earnings per share.
In related news, major shareholder Carl C. Icahn sold 9,000,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $64.93, for a total value of $584,370,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Heather Zichal sold 3,406 shares of the business’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 completion of the transaction, the director now owns 9,958 shares of the company’s stock, valued at $684,313.76. The disclosure for this sale can be found here. Insiders sold a total of 9,023,406 shares of company stock worth $585,904,060 over the last ninety days.
LNG has been the topic of several research analyst reports. US Capital Advisors reissued a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, July 17th. BMO Capital Markets reissued a “buy” rating and set a $81.00 target price on shares of Cheniere Energy in a research report on Friday, July 13th. Barclays set a $77.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, July 5th. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, May 17th. Finally, Bank of America reissued a “buy” rating and set a $79.00 target price on shares of Cheniere Energy in a research report on Tuesday, August 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.09.
Cheniere Energy Profile
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.
Further Reading: Earnings Per Share
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