Cheniere Energy, Inc. (LNG) Shares Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,492 shares of the energy company’s stock after acquiring an additional 733 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Cheniere Energy were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Steadfast Capital Management LP lifted its stake in Cheniere Energy by 44.2% during the second quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock valued at $133,537,000 after buying an additional 839,724 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its stake in Cheniere Energy by 21.7% during the second quarter. Summit Partners Public Asset Management LLC now owns 140,000 shares of the energy company’s stock valued at $6,819,000 after buying an additional 25,000 shares in the last quarter. Kingdon Capital Management L.L.C. purchased a new stake in Cheniere Energy during the second quarter valued at about $12,364,000. BlueCrest Capital Management Ltd lifted its stake in Cheniere Energy by 31.0% during the second quarter. BlueCrest Capital Management Ltd now owns 14,470 shares of the energy company’s stock valued at $705,000 after buying an additional 3,426 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Cheniere Energy by 22.1% during the second quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after buying an additional 7,667 shares in the last quarter.
In other news, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jack A. Fusco acquired 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 transaction, 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, Inc. (NYSEAMERICAN:LNG) traded up $0.07 during trading hours on Monday, reaching $47.96. The company had a trading volume of 697,800 shares, compared to its average volume of 1,983,714. Cheniere Energy, Inc. has a 12-month low of $38.75 and a 12-month high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The firm’s revenue for the quarter was up 201.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) earnings per share.
LNG has been the topic of a number of research reports. BidaskClub downgraded Cheniere Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price on the stock. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a report on Wednesday, October 25th. Finally, J P Morgan Chase & Co dropped their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $53.50.
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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