Aperio Group LLC Has $2.30 Million Stake in Cheniere Energy, Inc. (LNG)
Aperio Group LLC reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,026 shares of the energy company’s stock after selling 6,332 shares during the quarter. Aperio Group LLC’s holdings in Cheniere Energy were worth $2,298,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $121,000. Van ECK Associates Corp lifted its position in shares of Cheniere Energy by 11.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after buying an additional 312 shares during the last quarter. Atlantic Trust LLC bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $175,000. Fiduciary Trust Co. bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $188,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $203,000.
Shares of Cheniere Energy, Inc. (NYSE:LNG) opened at $49.75 on Monday. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.51.
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Several analysts recently weighed in on the company. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. J P Morgan Chase & Co dropped their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research report on Wednesday, October 25th. BMO Capital Markets assumed coverage on Cheniere Energy in a research report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and a consensus price target of $52.61.
In other Cheniere Energy news, insider Jack A. Fusco purchased 23,750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the acquisition, the insider now owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Sean N. Markowitz purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now directly owns 10,022 shares of the company’s stock, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders acquired 29,750 shares of company stock valued at $1,257,000 in the last three months.
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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