Cheniere Energy, Inc. (LNG) is PointState Capital LP’s 3rd Largest Position

PointState Capital LP boosted its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,846,793 shares of the energy company’s stock after acquiring an additional 1,365,475 shares during the quarter. Cheniere Energy comprises about 4.0% of PointState Capital LP’s holdings, making the stock its 3rd largest holding. PointState Capital LP owned approximately 2.81% of Cheniere Energy worth $365,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hilltop Holdings Inc. raised its position in shares of Cheniere Energy by 62.0% in the 1st quarter. Hilltop Holdings Inc. now owns 11,095 shares of the energy company’s stock valued at $593,000 after purchasing an additional 4,245 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Cheniere Energy by 5.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 45,211 shares of the energy company’s stock valued at $2,417,000 after purchasing an additional 2,426 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Cheniere Energy by 20.9% in the 1st quarter. Guggenheim Capital LLC now owns 20,197 shares of the energy company’s stock valued at $1,079,000 after purchasing an additional 3,491 shares in the last quarter. Mariner LLC raised its position in shares of Cheniere Energy by 161.6% in the 1st quarter. Mariner LLC now owns 10,651 shares of the energy company’s stock valued at $569,000 after purchasing an additional 6,579 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Cheniere Energy by 32.8% in the 1st quarter. LPL Financial LLC now owns 110,852 shares of the energy company’s stock valued at $5,925,000 after purchasing an additional 27,369 shares in the last quarter.

Several research firms recently issued reports on LNG. Zacks Investment Research lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. TheStreet raised Cheniere Energy from a “d+” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup dropped their price target on Cheniere Energy from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Sanford C. Bernstein raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Monday, March 26th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, March 15th. They set a “buy” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $63.64.



Cheniere Energy traded down $0.97, hitting $63.96, during trading hours on Friday, according to Marketbeat. The company had a trading volume of 8,270 shares, compared to its average volume of 2,215,834. Cheniere Energy, Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $68.04.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Thursday, May 3rd. The energy company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $1.11. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business earned $0.23 earnings per share. Cheniere Energy’s quarterly revenue was up 85.1% on a year-over-year basis.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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

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