AMP Capital Investors Ltd Grows Holdings in Cheniere Energy, Inc. (LNG)

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.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. Cheniere Energy’s revenue was up 201.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.41) earnings per share.

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.

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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