TimesSquare Capital Management LLC recently sold 6,415 shares of Cheniere Energy, Inc. (NYSE:LNG), reducing its stake in the energy company by 1.2% during the third quarter. The institutional investor now owns 522,432 shares of Cheniere Energy, making it the 18th largest holding in its portfolio. According to its most recent filing with the Securities and Exchange Commission, TimesSquare Capital Management’s stake is valued at approximately $93,954,000.
While TimesSquare Capital Management decreased its position in Cheniere Energy, several other large investors made adjustments to their holdings as well. The Manufacturers Life Insurance Company increased its stake by 8.5% during the second quarter, Tortoise Capital Advisors L.L.C. lifted its holdings by 9.2%, Pacer Advisors Inc. boosted its stake by 7.4%, and Canada Pension Plan Investment Board grew its holdings by 5.1%. Additionally, Dimensional Fund Advisors LP increased its position by 13.8%. Collectively, institutional investors now own 87.26% of Cheniere Energy’s stock.
Wall Street analysts have provided various ratings for Cheniere Energy. Barclays has given the company an “overweight” rating with a price target of $202.00, while Royal Bank of Canada rates it as “outperform” with a target price of $217.00. Stifel Nicolaus has a “buy” rating with a price target of $204.00, Bank of America initiated coverage with a “buy” rating and a $215.00 price target, and TD Cowen raised their target price to $202.00 with a “buy” rating. The consensus rating for Cheniere Energy is currently “Moderate Buy” with an average target price of $201.89.
Cheniere Energy, Inc. is a leading energy infrastructure company primarily focused on liquefied natural gas (LNG) related businesses in the United States. The company owns and operates the Sabine Pass LNG terminal in Louisiana and the Corpus Christi LNG terminal in Texas. Cheniere Energy also owns and operates pipelines that connect these terminals with interstate and intrastate natural gas pipelines.
Overall, while TimesSquare Capital Management reduced its stake in Cheniere Energy, other investors remain optimistic about the company’s prospects in the LNG industry. With a strong presence in key locations and positive analyst ratings, Cheniere Energy continues to be an attractive investment opportunity for many.
FAQs about Cheniere Energy
1. Who recently sold shares of Cheniere Energy, Inc.?
TimesSquare Capital Management LLC recently sold 6,415 shares of Cheniere Energy, Inc. during the third quarter.
2. How much did TimesSquare Capital Management reduce its stake in Cheniere Energy?
TimesSquare Capital Management reduced its stake in Cheniere Energy by 1.2%.
3. How many shares does TimesSquare Capital Management currently own in Cheniere Energy?
TimesSquare Capital Management currently owns 522,432 shares of Cheniere Energy.
4. What is the value of TimesSquare Capital Management’s stake in Cheniere Energy?
The value of TimesSquare Capital Management’s stake in Cheniere Energy is approximately $93,954,000.
5. Which other investors made adjustments to their holdings in Cheniere Energy?
The Manufacturers Life Insurance Company, Tortoise Capital Advisors L.L.C., Pacer Advisors Inc., Canada Pension Plan Investment Board, and Dimensional Fund Advisors LP made adjustments to their holdings in Cheniere Energy.
6. What percentage of Cheniere Energy’s stock do institutional investors now own?
Institutional investors now own 87.26% of Cheniere Energy’s stock collectively.
7. What are the ratings given to Cheniere Energy by Wall Street analysts?
– Barclays has given the company an “overweight” rating with a price target of $202.00
– Royal Bank of Canada rates it as “outperform” with a target price of $217.00
– Stifel Nicolaus has a “buy” rating with a price target of $204.00
– Bank of America initiated coverage with a “buy” rating and a $215.00 price target
– TD Cowen raised their target price to $202.00 with a “buy” rating
8. What is the consensus rating for Cheniere Energy?
The consensus rating for Cheniere Energy is currently “Moderate Buy” with an average target price of $201.89.
Definitions:
– Cheniere Energy, Inc.: A leading energy infrastructure company focused on liquefied natural gas (LNG) related businesses in the United States.
– LNG: Liquefied natural gas, natural gas that has been cooled to a liquid state for transportation and storage.
– Securities and Exchange Commission (SEC): A U.S. government agency that regulates and supervises the securities industry.
Related Links:
– Cheniere Energy Official Website
– Barclays
– Royal Bank of Canada
– Stifel Nicolaus
– Bank of America
– TD Cowen