Cheniere Energy Inc. (LNG) Stake Increased by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. increased its stake in shares of Cheniere Energy Inc. (NYSEMKT:LNG) by 45.9% during the second quarter, Holdings Channel reports. The firm owned 9,973 shares of the company’s stock after buying an additional 3,138 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Cheniere Energy were worth $375,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of LNG. Aperio Group LLC increased its position in Cheniere Energy by 27.3% in the first quarter. Aperio Group LLC now owns 61,022 shares of the company’s stock valued at $2,064,000 after buying an additional 13,101 shares in the last quarter. Virginia Retirement System purchased a new position in Cheniere Energy during the first quarter valued at $451,000. TIAA CREF Investment Management LLC increased its position in Cheniere Energy by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 885,139 shares of the company’s stock valued at $29,944,000 after buying an additional 10,291 shares in the last quarter. Teachers Advisors Inc. increased its position in Cheniere Energy by 4.9% in the first quarter. Teachers Advisors Inc. now owns 305,816 shares of the company’s stock valued at $10,346,000 after buying an additional 14,338 shares in the last quarter. Finally, BlackRock Group LTD increased its position in Cheniere Energy by 1.1% in the first quarter. BlackRock Group LTD now owns 1,494,063 shares of the company’s stock valued at $50,545,000 after buying an additional 16,968 shares in the last quarter.
Cheniere Energy Inc. (NYSEMKT:LNG) traded down 0.69% during midday trading on Wednesday, hitting $41.71. The stock had a trading volume of 1,445,526 shares. The stock has a 50-day moving average price of $43.41 and a 200 day moving average price of $38.68. The firm’s market cap is $9.52 billion. Cheniere Energy Inc. has a one year low of $22.80 and a one year high of $51.96.
Cheniere Energy (NYSEMKT:LNG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by $0.15. The firm earned $176.80 million during the quarter, compared to the consensus estimate of $64.08 million. The business’s quarterly revenue was up 160.0% on a year-over-year basis. On average, analysts predict that Cheniere Energy Inc. will post ($1.97) earnings per share for the current year.
LNG has been the subject of a number of analyst reports. Zacks Investment Research downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Barclays PLC lowered their price objective on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, July 20th. Credit Suisse Group AG initiated coverage on Cheniere Energy in a research report on Wednesday. They set an “outperform” rating and a $53.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $54.00 price objective on shares of Cheniere Energy in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $54.50.
In other Cheniere Energy news, insider Jack A. Fusco purchased 35,063 shares of the stock in a transaction dated Monday, September 19th. The shares were acquired at an average price of $42.78 per share, for a total transaction of $1,499,995.14. Following the completion of the acquisition, the insider now owns 340,824 shares of the company’s stock, valued at approximately $14,580,450.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack A. Fusco purchased 37,604 shares of the stock in a transaction dated Monday, July 18th. The shares were acquired at an average price of $39.89 per share, for a total transaction of $1,500,023.56. Following the acquisition, the chief executive officer now directly owns 306,180 shares of the company’s stock, valued at approximately $12,213,520.20. The disclosure for this purchase can be found here.
Cheniere Energy Company Profile
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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