Cheniere Energy, Inc. (LNG) Upgraded at BidaskClub
BidaskClub upgraded shares of Cheniere Energy, Inc. (NYSE:LNG) from a sell rating to a hold rating in a research note published on Tuesday.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Cheniere Energy from a strong-buy rating to a hold rating in a research note on Wednesday, July 19th. BMO Capital Markets assumed coverage on Cheniere Energy in a research note on Monday, September 25th. They issued an outperform rating and a $60.00 price objective on the stock. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the stock a buy rating in a research note on Friday, July 21st. Morgan Stanley downgraded Cheniere Energy from an overweight rating to an equal weight rating and set a $50.00 price objective on the stock. in a research note on Tuesday, June 13th. Finally, ValuEngine downgraded Cheniere Energy from a hold rating to a sell rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $54.82.
Shares of Cheniere Energy (NYSE:LNG) traded down 0.32% during midday trading on Tuesday, reaching $46.40. The company had a trading volume of 453,970 shares. The stock’s market capitalization is $10.79 billion. The company’s 50-day moving average is $43.29 and its 200-day moving average is $45.91. Cheniere Energy has a 1-year low of $35.07 and a 1-year high of $51.41.
In other Cheniere Energy news, CFO Michael J. Wortley bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the transaction, the chief financial officer now owns 433,830 shares of the company’s stock, valued at approximately $18,203,506.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the transaction, the insider now directly owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Insiders have purchased 29,750 shares of company stock valued at $1,257,000 in the last quarter.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Cheniere Energy by 3.8% during the second quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock worth $858,946,000 after purchasing an additional 653,176 shares in the last quarter. Kensico Capital Management Corp grew its position in shares of Cheniere Energy by 0.9% during the first quarter. Kensico Capital Management Corp now owns 10,920,600 shares of the energy company’s stock worth $516,217,000 after purchasing an additional 100,000 shares in the last quarter. FMR LLC grew its position in shares of Cheniere Energy by 482.7% during the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after purchasing an additional 5,584,446 shares in the last quarter. Steadfast Capital Management LP grew its position in shares of Cheniere Energy by 44.2% during the second quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after purchasing an additional 839,724 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Cheniere Energy by 26.8% during the second quarter. Macquarie Group Ltd. now owns 2,474,425 shares of the energy company’s stock worth $120,529,000 after purchasing an additional 522,600 shares in the last quarter.
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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