Quantitative Systematic Strategies LLC boosted its stake in shares of Cheniere Energy Inc. (NYSEMKT:LNG) by 75.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,639 shares of the company’s stock after buying an additional 7,151 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Cheniere Energy were worth $616,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in LNG. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cheniere Energy during the second quarter valued at $101,000. Independent Portfolio Consultants Inc. increased its stake in shares of Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock valued at $114,000 after buying an additional 315 shares in the last quarter. AXA increased its stake in shares of Cheniere Energy by 22.4% in the first quarter. AXA now owns 4,246 shares of the company’s stock valued at $144,000 after buying an additional 776 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Cheniere Energy by 19.3% in the second quarter. LS Investment Advisors LLC now owns 3,852 shares of the company’s stock valued at $145,000 after buying an additional 623 shares in the last quarter. Finally, Huntington Asset Advisors Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at $162,000.
Shares of Cheniere Energy Inc. (NYSEMKT:LNG) traded down 0.50% during mid-day trading on Thursday, hitting $41.50. 1,517,422 shares of the stock were exchanged. The firm has a 50-day moving average price of $43.33 and a 200 day moving average price of $38.70. Cheniere Energy Inc. has a 12-month low of $22.80 and a 12-month high of $51.96. The company’s market capitalization is $9.48 billion.
Cheniere Energy (NYSEMKT:LNG) last posted its earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by $0.15. The company earned $176.80 million during the quarter, compared to analyst estimates of $64.08 million. Cheniere Energy’s revenue was up 160.0% compared to the same quarter last year. On average, equities research analysts expect that Cheniere Energy Inc. will post ($1.97) earnings per share for the current year.
A number of research firms have recently commented on LNG. Credit Suisse Group AG began coverage on Cheniere Energy in a research report on Wednesday. They set an “outperform” rating and a $53.00 target price on the stock. Zacks Investment Research cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays PLC dropped their target price on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $54.00 price target on shares of Cheniere Energy in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $54.50.
In other Cheniere Energy news, Director Nuno Brandolini sold 8,999 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $45.34, for a total transaction of $408,014.66. Following the completion of the sale, the director now owns 249,602 shares of the company’s stock, valued at approximately $11,316,954.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jack A. Fusco purchased 35,063 shares of the business’s stock in a transaction on Monday, September 19th. The shares were acquired at an average cost of $42.78 per share, with a total value of $1,499,995.14. Following the acquisition, the insider now directly owns 340,824 shares in the company, valued at $14,580,450.72. The disclosure for this purchase can be found here.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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