Bluestein R H & Co. Raises Position in Cheniere Energy, Inc. (LNG)
Bluestein R H & Co. increased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 44.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,250 shares of the energy company’s stock after purchasing an additional 3,750 shares during the quarter. Bluestein R H & Co.’s holdings in Cheniere Energy were worth $552,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in Cheniere Energy during the second quarter worth $121,000. Van ECK Associates Corp boosted its stake in Cheniere Energy by 11.7% during the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after buying an additional 312 shares during the last quarter. Atlantic Trust LLC acquired a new position in Cheniere Energy during the second quarter worth $175,000. Fiduciary Trust Co. acquired a new position in Cheniere Energy during the second quarter worth $188,000. Finally, Shamrock Asset Management LLC acquired a new position in Cheniere Energy during the third quarter worth $196,000.
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) traded down $0.14 on Tuesday, reaching $48.34. The company had a trading volume of 2,352,800 shares, compared to its average volume of 1,974,272. Cheniere Energy, Inc. has a 1 year low of $40.36 and a 1 year 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 analysts’ expectations of $1.27 billion. During the same quarter last year, the firm posted ($0.41) earnings per share. The company’s quarterly revenue was up 201.7% compared to the same quarter last year.
In related news, insider Jack A. Fusco purchased 23,750 shares of the business’s stock in a transaction on Monday, September 11th. The shares were bought at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the acquisition, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now owns 2,464 shares in the company, valued at approximately $121,105.60. The disclosure for this sale can be found here.
Several equities analysts have recently commented on LNG shares. Cowen started coverage on Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 price target on the stock. Citigroup upped their price target on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. J P Morgan Chase & Co decreased their price target on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Finally, Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Cheniere Energy in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $53.50.
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Cheniere Energy 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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