Kayne Anderson Capital Advisors LP boosted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 24.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,303,273 shares of the energy company’s stock after acquiring an additional 255,300 shares during the quarter. Cheniere Energy accounts for 1.3% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 21st largest holding. Kayne Anderson Capital Advisors LP owned 0.51% of Cheniere Energy worth $82,173,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Mechanics Bank Trust Department bought a new stake in shares of Cheniere Energy during the third quarter worth $25,000. San Francisco Sentry Investment Group CA grew its stake in shares of Cheniere Energy by 130.7% during the second quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock worth $33,000 after buying an additional 277 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Cheniere Energy by 66.7% during the third quarter. Valeo Financial Advisors LLC now owns 500 shares of the energy company’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Sandy Spring Bank grew its stake in shares of Cheniere Energy by 71.7% during the third quarter. Sandy Spring Bank now owns 515 shares of the energy company’s stock worth $32,000 after buying an additional 215 shares during the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Cheniere Energy during the second quarter worth $36,000.
A number of research firms have weighed in on LNG. Zacks Investment Research cut shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 target price on the stock. in a research note on Thursday, September 12th. Royal Bank of Canada began coverage on shares of Cheniere Energy in a research note on Monday, October 21st. They set an “outperform” rating and a $84.00 target price on the stock. BTIG Research started coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They set a “neutral” rating on the stock. Morgan Stanley set a $76.00 price target on shares of Cheniere Energy and gave the stock a “hold” rating in a report on Sunday, November 3rd. Finally, Raymond James upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $71.00 price target on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $76.67.
Shares of NYSEAMERICAN:LNG traded down $0.05 during mid-day trading on Friday, reaching $61.74. 1,302,757 shares of the company’s stock were exchanged, compared to its average volume of 1,755,799. Cheniere Energy, Inc. has a twelve month low of $55.09 and a twelve month high of $70.60.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Friday, November 1st. The energy company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($1.33). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.24 billion. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS.
Cheniere Energy Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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