The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) is a huge mover today! About 1.45 million shares traded hands. Cheniere Energy, Inc. (NYSEMKT:LNG) has declined 4.72% since April 13, 2016 and is downtrending. It has underperformed by 8.65% the S&P500.
The move comes after 5 months positive chart setup for the $8.89 billion company. It was reported on Nov, 15 by Barchart.com. We have $51.74 PT which if reached, will make NYSEMKT:LNG worth $3.38B more.
Cheniere Energy, Inc. (NYSEMKT:LNG) Ratings Coverage
Out of 8 analysts covering Cheniere Energy Inc (NYSEMKT:LNG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Cheniere Energy Inc has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Global Hunter Securities initiated the shares of LNG in a report on Thursday, July 23 with “Accumulate” rating. The company was initiated on Wednesday, August 5 by Credit Suisse. The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) has “Overweight” rating given on Monday, October 12 by Barclays Capital. On Tuesday, February 23 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was upgraded on Tuesday, June 14 by Howard Weil. The firm earned “Market Perform” rating on Wednesday, May 11 by Bernstein. The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) has “Overweight” rating given on Tuesday, September 6 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Wednesday, January 13.
According to Zacks Investment Research, “Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in liquefied natural gas related businesses. The company owns and operates the Sabine Pass liquefied natural gas terminal in Louisiana through its 57.9% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Ticker: CQP), which is a publicly traded partnership that the company created in 2007. The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.31, from 1.2 in 2016Q1. The ratio dropped, as 40 funds sold all Cheniere Energy, Inc. shares owned while 110 reduced positions. 40 funds bought stakes while 93 increased positions. They now own 206.38 million shares or 6.90% less from 221.68 million shares in 2016Q1.
Morgan Stanley has 0.01% invested in the company for 716,607 shares. Envestnet Asset Mngmt has invested 0% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). Td Asset Mngmt Inc accumulated 0% or 14,526 shares. The Montana-based Da Davidson & has invested 0% in Cheniere Energy, Inc. (NYSEMKT:LNG). Architects Inc has invested 0% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). Tci Wealth Advisors Incorporated holds 0.01% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG) for 341 shares. State Of New Jersey Common Pension Fund D last reported 25,000 shares in the company. Glenmede Tru Na owns 2,105 shares or 0% of their US portfolio. Manufacturers Life Insurance Com The has 11,689 shares for 0% of their US portfolio. Gateway Inv Advisers Limited Co has 179,440 shares for 0.06% of their US portfolio. Deutsche Bancorporation Ag, a Germany-based fund reported 1.10M shares. Cordasco Net holds 0.01% or 125 shares in its portfolio. Commerzbank Aktiengesellschaft Fi last reported 110,635 shares in the company. Metropolitan Life Insurance Com has 0% invested in the company for 5,904 shares. Somerset Group Incorporated Ltd Liability Com holds 0.87% or 22,072 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 9 insider buys, and 4 selling transactions for $7.86 million net activity. BRANDOLINI NUNO sold $408,019 worth of stock. $54,270 worth of shares were bought by Markowitz Sean N on Friday, November 11. 28,231 shares were bought by Fusco Jack A, worth $930,660. $350,400 worth of Cheniere Energy, Inc. (NYSEMKT:LNG) was sold by Rayford Greg W. on Monday, May 16. The insider Wortley Michael J sold $67,438. BOTTA G ANDREA had sold 9,018 shares worth $405,339. $480,195 worth of Cheniere Energy, Inc. (NYSEMKT:LNG) was bought by MERKSAMER SAMUEL J..
More recent Cheniere Energy, Inc. (NYSEMKT:LNG) news were published by: Fool.com which released: “3 Reasons Cheniere Energy, Inc. Stock Could Rise” on September 12, 2016. Also Seekingalpha.com published the news titled: “Cheniere Energy Is Taking Off” on November 08, 2016. Prnewswire.com‘s news article titled: “Cheniere Energy, Inc. Makes Offer to Acquire Cheniere Energy Partners LP …” with publication date: September 30, 2016 was also an interesting one.
LNG Company Profile
Cheniere Energy, Inc., incorporated on March 25, 1983, is an energy firm primarily engaged in liquefied natural gas (LNG) related businesses. The Firm operates through two divisions: LNG terminal business and LNG and natural gas marketing business The Firm owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. The Firm owns approximately 100% of the general partner interest in Cheniere Partners and over 80% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability firm that owns approximately 56% limited partner interest in Cheniere Partners.
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