Cheniere Energy, Inc. (LNG) Stake Reduced by Neuberger Berman Group LLC
Neuberger Berman Group LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436,176 shares of the energy company’s stock after selling 436,981 shares during the period. Neuberger Berman Group LLC owned approximately 1.05% of Cheniere Energy worth $118,666,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of LNG. UBS Asset Management Americas Inc. raised its stake in Cheniere Energy by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock worth $23,582,000 after buying an additional 49,801 shares during the period. State of Alaska Department of Revenue purchased a new stake in Cheniere Energy during the first quarter worth $142,000. Oppenheimer Asset Management Inc. purchased a new stake in Cheniere Energy during the first quarter worth $341,000. Xact Kapitalforvaltning AB raised its position in shares of Cheniere Energy by 11.7% in the second quarter. Xact Kapitalforvaltning AB now owns 17,547 shares of the energy company’s stock worth $855,000 after buying an additional 1,834 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Cheniere Energy during the first quarter worth approximately $19,536,000.
Cheniere Energy, Inc. (NYSE LNG) opened at 41.33 on Wednesday. The company’s 50-day moving average is $44.45 and its 200 day moving average is $46.55. The stock’s market capitalization is $9.61 billion. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41.
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A number of brokerages have recently commented on LNG. BidaskClub lowered shares of Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Cheniere Energy has an average rating of “Buy” and a consensus price target of $54.08.
In other news, CFO Michael J. Wortley acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the purchase, the chief financial officer now directly owns 433,830 shares of the company’s stock, valued at approximately $18,203,506.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Sean N. Markowitz acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the purchase, the general counsel now directly owns 10,022 shares of the company’s stock, valued at $421,926.20. The disclosure for this purchase can be found here.
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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