Bessemer Group Inc. Has $3.44 Million Position in Cheniere Energy, Inc. (LNG)

Bessemer Group Inc. raised its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 63,842 shares of the energy company’s stock after purchasing an additional 3,523 shares during the quarter. 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 large investors also recently made changes to their positions in LNG. Point72 Asset Management L.P. grew its holdings in Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after acquiring an additional 945,777 shares during the period. Janus Henderson Group PLC grew its holdings in Cheniere Energy by 22.1% during the 2nd quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock worth $2,065,000 after acquiring an additional 7,667 shares during the period. Brookfield Asset Management Inc. grew its holdings in Cheniere Energy by 43.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock worth $91,253,000 after acquiring an additional 566,100 shares during the period. Asset Management One Co. Ltd. grew its holdings in Cheniere Energy by 1.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock worth $16,582,000 after acquiring an additional 4,247 shares during the period. Finally, Hennessy Advisors Inc. grew its holdings in Cheniere Energy by 6.5% during the 3rd quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock worth $72,083,000 after acquiring an additional 98,000 shares during the period.

In related news, Director David B. Kilpatrick sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the transaction, the director now owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the completion of 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. In the last ninety days, insiders sold 45,800 shares of company stock worth $2,299,152.

A number of analysts have weighed in on LNG shares. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. BidaskClub downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, October 27th. JPMorgan Chase & Co. decreased their price target on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Citigroup raised their target price on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Cowen started coverage on Cheniere Energy in a research note on Friday, November 17th. They issued 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 nine have assigned a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and an average target price of $55.88.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) opened at $56.01 on Friday. The company has a market capitalization of $13,310.00, a PE ratio of -31.82 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.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted ($0.41) earnings per share. The business’s quarterly revenue was up 201.7% compared to the same quarter last year.

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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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