Teacher Retirement System of Texas Acquires 2,124 Shares of Cheniere Energy Inc. (LNG)
Teacher Retirement System of Texas raised its position in shares of Cheniere Energy Inc. (NYSEMKT:LNG) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,335 shares of the company’s stock after buying an additional 2,124 shares during the period. Teacher Retirement System of Texas’ holdings in Cheniere Energy were worth $538,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Cheniere Energy by 3,397.0% in the second quarter. Neuberger Berman Group LLC now owns 2,683,717 shares of the company’s stock worth $100,774,000 after buying an additional 2,606,973 shares during the last quarter. NWQ Investment Management Company LLC purchased a new stake in Cheniere Energy during the first quarter valued at $69,619,000. Harvest Fund Advisors LLC purchased a new stake in Cheniere Energy during the first quarter valued at $47,126,000. Norges Bank purchased a new stake in Cheniere Energy during the fourth quarter valued at $46,510,000. Finally, Anchor Bolt Capital LP boosted its stake in Cheniere Energy by 43.3% in the first quarter. Anchor Bolt Capital LP now owns 1,901,407 shares of the company’s stock valued at $64,325,000 after buying an additional 574,107 shares during the period.
Shares of Cheniere Energy Inc. (NYSEMKT:LNG) traded up 0.819% during midday trading on Tuesday, hitting $42.455. 639,730 shares of the stock were exchanged. The firm’s market cap is $9.69 billion. The firm has a 50 day moving average of $43.85 and a 200 day moving average of $38.41. Cheniere Energy Inc. has a 12-month low of $22.80 and a 12-month high of $54.95.
Cheniere Energy (NYSEMKT:LNG) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.46) by $0.15. The company had revenue of $176.80 million for the quarter, compared to analysts’ expectations of $64.08 million. The firm’s revenue for the quarter was up 160.0% on a year-over-year basis. Equities analysts forecast that Cheniere Energy Inc. will post ($1.96) EPS for the current fiscal year.
LNG has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of Cheniere Energy in a research note on Wednesday, June 22nd. They issued an “outperform” rating for the company. Barclays PLC lowered their price objective on shares of Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $54.00 price objective on shares of Cheniere Energy in a research report on Wednesday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Cheniere Energy in a research report on Wednesday, June 29th. Finally, Scotiabank raised shares of Cheniere Energy from a “sector perform” rating to a “sector outperform” rating and set a $52.00 price objective for the company in a research report on Tuesday, June 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Cheniere Energy has a consensus rating of “Buy” and a consensus price target of $56.00.
In other news, CEO Jack A. Fusco bought 37,604 shares of the firm’s stock in a transaction dated Monday, July 18th. The stock was acquired at an average cost of $39.89 per share, for a total transaction of $1,500,023.56. Following the completion of the purchase, the chief executive officer now owns 306,180 shares of the company’s stock, valued at $12,213,520.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael J. Wortley sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $44.96, for a total transaction of $67,440.00. Following the completion of the transaction, the chief financial officer now owns 413,615 shares of the company’s stock, valued at $18,596,130.40. The disclosure for this sale can be found here.
About Cheniere Energy
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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