Cheniere Energy Inc (LNG)

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The Rockefeller Financial Services Inc. Maintains Position in Cheniere Energy, Inc. (LNG)
February 2, 2017 Jamie Williams


The Rockefeller Financial Services Inc. Maintains Position in Cheniere Energy, Inc. (LNG)

Rockefeller Financial Services Inc. maintained its stake in Cheniere Energy, Inc. (NYSEMKT:LNG) during the third quarter, Holdings Channel reports. The fund owned 29,876 shares of the company’s stock at the end of the third quarter. Rockefeller Financial Services Inc.’s holdings in Cheniere Energy were worth $1,303,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its position in Cheniere Energy by 3,397.0% in the second quarter. Neuberger Berman Group LLC now owns 2,683,717 shares of the company’s stock valued at $100,774,000 after buying an additional 2,606,973 shares during the period. PNC Financial Services Group Inc. raised its position in Cheniere Energy by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,818 shares of the company’s stock valued at $219,000 after buying an additional 1,971 shares during the period. TD Asset Management Inc. raised its position in Cheniere Energy by 10.6% in the second quarter. TD Asset Management Inc. now owns 14,526 shares of the company’s stock valued at $545,000 after buying an additional 1,392 shares during the period. Hennessy Advisors Inc. raised its position in Cheniere Energy by 15.0% in the second quarter. Hennessy Advisors Inc. now owns 1,709,117 shares of the company’s stock valued at $64,177,000 after buying an additional 223,500 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its position in Cheniere Energy by 75.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 16,639 shares of the company’s stock valued at $616,000 after buying an additional 7,151 shares during the period.

Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) remained flat at $43.35 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,217,411 shares. The company’s 50 day moving average price is $42.04 and its 200-day moving average price is $41.23. The company’s market capitalization is $9.92 billion. Cheniere Energy, Inc. has a 12-month low of $22.80 and a 12-month high of $46.00.

Cheniere Energy (NYSEMKT:LNG) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.05. The company earned $465.67 million during the quarter, compared to analyst estimates of $233.49 million. The company’s revenue for the quarter was up 604.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.31) EPS. On average, analysts anticipate that Cheniere Energy, Inc. will post ($2.21) earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Wednesday, December 7th. Scotiabank lowered Cheniere Energy to a “hold” rating and set a $33.00 price objective on the stock. in a report on Thursday, December 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $52.20.

In other Cheniere Energy news, SVP Ed Lehotsky sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $423,600.00. Following the completion of the sale, the senior vice president now directly owns 57,687 shares of the company’s stock, valued at $2,443,621.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Kilpatrick sold 11,266 shares of the firm’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $41.54, for a total value of $467,989.64. Following the completion of the sale, the director now directly owns 14,051 shares of the company’s stock, valued at $583,678.54. The disclosure for this sale can be found here.

Cheniere Energy Company Profile

Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.

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http://dailyquint.com/2017-02-02-rockefeller-financial-services-inc-maintains-position-in-cheniere-energy-inc-lng/