Cheniere Energy, Inc. (LNG) Shares Bought by Kensico Capital Management Corp

Kensico Capital Management Corp grew its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,185,000 shares of the energy company’s stock after acquiring an additional 973,400 shares during the period. Cheniere Energy comprises approximately 8.3% of Kensico Capital Management Corp’s portfolio, making the stock its 2nd largest position. Kensico Capital Management Corp owned 5.12% of Cheniere Energy worth $548,812,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in shares of Cheniere Energy during the second quarter worth $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 worth $145,000 after purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC acquired a new position in shares of Cheniere Energy during the second quarter worth $175,000. Fiduciary Trust Co. acquired a new position in shares of Cheniere Energy during the second quarter worth $188,000. Finally, Shamrock Asset Management LLC acquired a new position in shares of Cheniere Energy during the third quarter worth $196,000.

In other news, Director David B. Kilpatrick sold 20,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the sale, the director now directly owns 2,464 shares of the company’s stock, valued at $121,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jack A. Fusco bought 23,750 shares of Cheniere Energy stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $42.32 per share, with a total value 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 disclosure for this purchase can be found here.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) traded up $0.57 on Friday, reaching $47.40. 1,220,000 shares of the company were exchanged, compared to its average volume of 1,900,000. Cheniere Energy, Inc. has a 52-week low of $40.36 and a 52-week high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted ($0.41) earnings per share. Cheniere Energy’s revenue was up 201.7% compared to the same quarter last year.

A number of brokerages recently commented on LNG. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Monday, September 25th. They set an “outperform” rating and a $60.00 target price for the company. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Cheniere Energy in a research note on Wednesday, October 25th. Cowen began coverage on shares of Cheniere Energy in a research note on Friday, November 17th. They set a “market perform” rating and a $56.00 target price for the company. Citigroup boosted their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, BidaskClub downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Cheniere Energy has an average rating of “Buy” and a consensus price target of $53.50.

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About Cheniere Energy

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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