SG Americas Securities LLC Cuts Stock Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

SG Americas Securities LLC reduced its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) by 66.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,974 shares of the energy company’s stock after selling 5,894 shares during the period. SG Americas Securities LLC’s holdings in Cheniere Energy were worth $493,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Cheniere Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company’s stock valued at $2,957,460,000 after purchasing an additional 223,024 shares in the last quarter. State Street Corp grew its position in shares of Cheniere Energy by 13.6% in the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock valued at $961,421,000 after purchasing an additional 830,898 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Cheniere Energy by 7,646.2% in the second quarter. Alps Advisors Inc. now owns 5,989,787 shares of the energy company’s stock valued at $276,836,000 after purchasing an additional 5,912,462 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Cheniere Energy by 17.7% in the second quarter. JPMorgan Chase & Co. now owns 4,030,116 shares of the energy company’s stock valued at $536,126,000 after purchasing an additional 606,893 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Cheniere Energy by 23.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,943,619 shares of the energy company’s stock valued at $391,589,000 after purchasing an additional 553,552 shares in the last quarter. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $151.02 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $104.81 and a 1-year high of $182.35. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of -9.89 and a beta of 1.00.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The energy company reported $7.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $2.34. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The company had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.04 billion. As a group, analysts anticipate that Cheniere Energy, Inc. will post -7.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total transaction of $382,050.00. Following the transaction, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LNG. Barclays lowered their price objective on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Friday, January 13th. Mizuho increased their price objective on Cheniere Energy from $174.00 to $208.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Jefferies Financial Group began coverage on Cheniere Energy in a research report on Wednesday, October 19th. They issued a “buy” rating and a $210.00 price objective for the company. Cowen lowered their price objective on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Finally, Raymond James lowered their price objective on Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $194.15.

About Cheniere Energy

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Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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

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