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.
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.
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