American Century Companies Inc. increased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 29.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,849,193 shares of the energy company’s stock after acquiring an additional 422,291 shares during the period. American Century Companies Inc. owned about 0.75% of Cheniere Energy worth $128,500,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. US Bancorp DE boosted its position in Cheniere Energy by 15.6% in the second quarter. US Bancorp DE now owns 6,264 shares of the energy company’s stock valued at $409,000 after buying an additional 847 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Cheniere Energy by 1.3% during the second quarter. Bessemer Group Inc. now owns 70,530 shares of the energy company’s stock worth $4,598,000 after purchasing an additional 888 shares during the period. Stokes Capital Advisors LLC lifted its holdings in shares of Cheniere Energy by 6.1% during the third quarter. Stokes Capital Advisors LLC now owns 15,915 shares of the energy company’s stock worth $1,106,000 after purchasing an additional 920 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Cheniere Energy by 7.1% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 15,355 shares of the energy company’s stock worth $1,067,000 after purchasing an additional 1,023 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Cheniere Energy by 8.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 13,164 shares of the energy company’s stock worth $858,000 after purchasing an additional 1,066 shares during the period.
In other Cheniere Energy news, Director David B. Kilpatrick sold 15,000 shares of Cheniere Energy stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the sale, the director now directly owns 4,397 shares of the company’s stock, valued at $302,865.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NYSEAMERICAN LNG opened at $62.35 on Friday. Cheniere Energy, Inc. has a twelve month low of $46.00 and a twelve month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company earned ($1.24) earnings per share. The firm’s revenue was up 29.7% compared to the same quarter last year.
A number of equities analysts have recently commented on the stock. US Capital Advisors reiterated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, July 17th. JPMorgan Chase & Co. assumed coverage on shares of Cheniere Energy in a report on Wednesday, October 31st. They set an “overweight” rating on the stock. BMO Capital Markets reiterated a “buy” rating and set a $81.00 price target on shares of Cheniere Energy in a report on Friday, July 13th. Bank of America reiterated a “buy” rating and set a $79.00 price target on shares of Cheniere Energy in a report on Tuesday, August 28th. Finally, Barclays set a $78.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $75.09.
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About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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