AMP Capital Investors Ltd raised its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 26.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,574 shares of the energy company’s stock after purchasing an additional 102,674 shares during the period. AMP Capital Investors Ltd owned approximately 0.21% of Cheniere Energy worth $21,962,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Tower Research Capital LLC TRC bought a new position in shares of Cheniere Energy during the second quarter valued at about $121,000. Van ECK Associates Corp grew its stake in shares of Cheniere Energy by 11.7% during the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after buying an additional 312 shares during the last quarter. Atlantic Trust LLC bought a new position in shares of Cheniere Energy during the second quarter valued at about $175,000. Fiduciary Trust Co. bought a new position in shares of Cheniere Energy during the second quarter valued at about $188,000. Finally, Shamrock Asset Management LLC bought a new position in shares of Cheniere Energy during the third quarter valued at about $196,000.
Cheniere Energy, Inc. (LNG) traded up $0.34 during midday trading on Friday, hitting $46.83. The company had a trading volume of 1,731,800 shares, compared to its average volume of 1,968,654. Cheniere Energy, Inc. has a 12 month low of $40.36 and a 12 month high of $51.51.
In related news, insider Jack A. Fusco acquired 23,750 shares of the stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the acquisition, the insider now directly owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Kilpatrick sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the director now owns 2,464 shares of the company’s stock, valued at $121,105.60. The disclosure for this sale can be found here.
A number of brokerages have recently issued reports on LNG. BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Scotiabank reaffirmed a “buy” rating and set a $52.00 price objective on shares of Cheniere Energy in a research note on Wednesday, October 25th. Citigroup raised their price objective on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets began coverage on Cheniere Energy in a research note on Monday, September 25th. They set an “outperform” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $53.50.
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Cheniere Energy Company Profile
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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