AMP Capital Investors Ltd lifted its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 20.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,018 shares of the energy company’s stock after acquiring an additional 37,599 shares during the period. AMP Capital Investors Ltd owned 0.09% of Cheniere Energy worth $15,569,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Gryphon Financial Partners LLC raised its stake in shares of Cheniere Energy by 126.5% in the 3rd quarter. Gryphon Financial Partners LLC now owns 2,313 shares of the energy company’s stock valued at $161,000 after acquiring an additional 1,292 shares in the last quarter. Wetherby Asset Management Inc. bought a new position in Cheniere Energy in the 3rd quarter worth approximately $208,000. AMG National Trust Bank bought a new position in Cheniere Energy in the 3rd quarter worth approximately $208,000. Janney Montgomery Scott LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $208,000. Finally, Freestone Capital Holdings LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $213,000.
Shares of NYSEAMERICAN LNG opened at $61.12 on Monday. Cheniere Energy, Inc. has a 12 month low of $46.00 and a 12 month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned ($1.24) earnings per share. The company’s quarterly revenue was up 29.7% compared to the same quarter last year.
Several brokerages have commented on LNG. Morgan Stanley raised Cheniere Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $80.00 in a research report on Wednesday, September 26th. Cowen raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday, September 26th. Bank of America reaffirmed a “buy” rating and issued a $79.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 28th. Goldman Sachs Group began coverage on Cheniere Energy in a research report on Monday, October 8th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Barclays set a $78.00 price target on Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, October 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Cheniere Energy presently has an average rating of “Buy” and an average price target of $75.64.
In other news, General Counsel Sean N. Markowitz acquired 1,700 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $59.10 per share, with a total value of $100,470.00. Following the acquisition, the general counsel now owns 57,643 shares of the company’s stock, valued at $3,406,701.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jack A. Fusco acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average cost of $59.20 per share, for a total transaction of $888,000.00. Following the acquisition, the insider now directly owns 564,599 shares in the company, valued at approximately $33,424,260.80. The disclosure for this purchase can be found here.
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Cheniere Energy Company Profile
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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