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flag Major investors cut stakes in Cheniere Energy, but the company reported earnings well above estimates.

flag Bank of Montreal and Argent Trust Co have reduced their holdings in Cheniere Energy, with the former cutting its stake by over 55% and the latter by 2%. flag Despite these reductions, Cheniere Energy reported strong earnings, exceeding estimates by $1.59 per share, and has a "Moderate Buy" rating with a target price of $239.79. flag The company operates in liquefied natural gas (LNG) and has a market cap of $47.66 billion.

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