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Major investors cut stakes in Cheniere Energy, but the company reported earnings well above estimates.
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%.
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.
The company operates in liquefied natural gas (LNG) and has a market cap of $47.66 billion.
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Los principales inversores redujeron las participaciones en Cheniere Energy, pero la compañía reportó ganancias muy por encima de las estimaciones.