Cheniere Energy, Inc. (NYSEMKT:LNG) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.89.
Several equities analysts recently issued reports on the company. Credit Suisse Group AG reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, October 12th. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, September 6th. Barclays PLC decreased their target price on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Finally, Scotiabank lowered Cheniere Energy to a “hold” rating and set a $33.00 target price on the stock. in a research note on Thursday, December 15th.
In related news, SVP Ed Lehotsky sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $39.83, for a total transaction of $796,600.00. Following the transaction, the senior vice president now owns 57,687 shares in the company, valued at approximately $2,297,673.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Kilpatrick sold 11,266 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 14,051 shares in the company, valued at approximately $583,678.54. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its position in shares of 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. Macquarie Group Ltd. increased its position in shares of Cheniere Energy by 65.8% in the second quarter. Macquarie Group Ltd. now owns 1,156,800 shares of the company’s stock valued at $43,437,000 after buying an additional 459,100 shares during the period. Harvest Fund Advisors LLC increased its position in shares of Cheniere Energy by 63.0% in the second quarter. Harvest Fund Advisors LLC now owns 2,270,726 shares of the company’s stock valued at $85,266,000 after buying an additional 877,708 shares during the period. BlackRock Japan Co. Ltd boosted its stake in Cheniere Energy by 1.1% in the third quarter. BlackRock Japan Co. Ltd now owns 272,733 shares of the company’s stock valued at $11,891,000 after buying an additional 3,027 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Cheniere Energy during the second quarter valued at approximately $282,000.
Shares of Cheniere Energy (NYSEMKT:LNG) traded up 0.24% during midday trading on Friday, hitting $41.36. The stock had a trading volume of 226,946 shares. The firm has a 50 day moving average price of $39.97 and a 200 day moving average price of $40.41. The stock’s market cap is $9.47 billion. Cheniere Energy has a one year low of $22.80 and a one year high of $46.00.