Cheniere Energy, Inc. (LNG) Shares Sold by Texas Yale Capital Corp.
Texas Yale Capital Corp. cut its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 36.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,638 shares of the energy company’s stock after selling 6,100 shares during the period. Texas Yale Capital Corp.’s holdings in Cheniere Energy were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in LNG. Kensico Capital Management Corp boosted its holdings in shares of Cheniere Energy by 8.7% in the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after buying an additional 973,400 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Cheniere Energy by 15.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after buying an additional 804,825 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Cheniere Energy by 29.6% in the third quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock worth $144,425,000 after buying an additional 732,167 shares during the last quarter. CI Investments Inc. purchased a new position in shares of Cheniere Energy in the third quarter worth approximately $120,279,000. Finally, Cohen & Steers Inc. boosted its holdings in shares of Cheniere Energy by 92.1% in the third quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after buying an additional 1,273,441 shares during the last quarter.
In other news, Director David B. Kilpatrick sold 20,000 shares of the business’s stock in a transaction on 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 $121,105.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was 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. Insiders have sold 45,800 shares of company stock worth $2,299,152 in the last ninety days.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned ($0.41) earnings per share. Cheniere Energy’s quarterly revenue was up 201.7% on a year-over-year basis.
A number of equities analysts recently issued reports on the stock. Scotiabank reissued a “buy” rating and issued a $65.00 price objective on shares of Cheniere Energy in a report on Monday, January 29th. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley raised their price objective on shares of Cheniere Energy from $50.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays set a $65.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Monday. Finally, Stifel Nicolaus assumed coverage on shares of Cheniere Energy in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and an average target price of $57.45.
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Cheniere Energy 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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