Stoneridge Investment Partners LLC purchased a new position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the fourth quarter, Holdings Channel reports. The fund purchased 32,378 shares of the energy company’s stock, valued at approximately $1,916,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc raised its holdings in Cheniere Energy by 4.8% during the 3rd quarter. Vanguard Group Inc now owns 19,315,695 shares of the energy company’s stock valued at $1,342,247,000 after acquiring an additional 890,140 shares during the period. FMR LLC raised its holdings in Cheniere Energy by 8.9% during the 3rd quarter. FMR LLC now owns 15,788,826 shares of the energy company’s stock valued at $1,097,167,000 after acquiring an additional 1,285,298 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Cheniere Energy by 15.1% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,368,147 shares of the energy company’s stock valued at $512,013,000 after acquiring an additional 969,224 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 17.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,609,585 shares of the energy company’s stock valued at $320,320,000 after acquiring an additional 689,210 shares during the period. Finally, Steadfast Capital Management LP raised its holdings in Cheniere Energy by 0.5% during the 3rd quarter. Steadfast Capital Management LP now owns 4,539,850 shares of the energy company’s stock valued at $315,474,000 after acquiring an additional 23,845 shares during the period.

NYSEAMERICAN:LNG traded down $0.48 during midday trading on Monday, hitting $65.11. The company had a trading volume of 6,620 shares, compared to its average volume of 1,721,425. Cheniere Energy, Inc. has a 52-week low of $50.08 and a 52-week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, November 8th. The energy company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned ($1.24) EPS. The business’s quarterly revenue was up 29.7% compared to the same quarter last year.

A number of research firms have recently commented on LNG. Citigroup reduced their price target on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. UBS Group began coverage on shares of Cheniere Energy in a research report on Thursday, January 3rd. They set a “buy” rating and a $72.00 price target for the company. Scotiabank began coverage on shares of Cheniere Energy in a research report on Friday. They set an “outperform” rating for the company. Guggenheim restated a “buy” rating and set a $85.00 price target on shares of Cheniere Energy in a research report on Tuesday, December 4th. Finally, Goldman Sachs Group upgraded shares of Cheniere Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $76.08.

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,567 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $55.90, for a total value of $143,495.30. Following the completion of the sale, the director now directly owns 37,273 shares of the company’s stock, valued at $2,083,560.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Sean N. Markowitz purchased 1,700 shares of the stock in a transaction on Wednesday, November 14th. The stock was acquired at an average cost of $59.10 per share, with a total value of $100,470.00. Following the completion of the purchase, the general counsel now directly owns 57,643 shares of the company’s stock, valued at $3,406,701.30. The disclosure for this purchase can be found here.

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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.

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

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