Macquarie Group Ltd. Raises Position in Cheniere Energy, Inc. (LNG)
Macquarie Group Ltd. boosted its stake in shares of Cheniere Energy, Inc. (NYSEMKT:LNG) by 65.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,156,800 shares of the company’s stock after buying an additional 459,100 shares during the period. Macquarie Group Ltd. owned about 0.51% of Cheniere Energy worth $43,437,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of LNG. HL Financial Services LLC bought a new position in shares of Cheniere Energy during the second quarter valued at about $244,000. MSI Financial Services Inc boosted its position in shares of Cheniere Energy by 7.2% in the second quarter. MSI Financial Services Inc now owns 12,756 shares of the company’s stock valued at $479,000 after buying an additional 860 shares during the period. Shell Asset Management Co. boosted its position in shares of Cheniere Energy by 103.7% in the second quarter. Shell Asset Management Co. now owns 20,570 shares of the company’s stock valued at $772,000 after buying an additional 10,473 shares during the period. LS Investment Advisors LLC boosted its position in shares of Cheniere Energy by 19.3% in the second quarter. LS Investment Advisors LLC now owns 3,852 shares of the company’s stock valued at $145,000 after buying an additional 623 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock valued at $114,000 after buying an additional 315 shares during the period.
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) traded up 1.53% on Friday, hitting $38.45. The company’s stock had a trading volume of 4,206,206 shares. Cheniere Energy, Inc. has a 52 week low of $22.80 and a 52 week high of $51.96. The stock’s 50 day moving average is $40.41 and its 200-day moving average is $39.22. The company’s market cap is $8.80 billion.
Cheniere Energy (NYSEMKT:LNG) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.05. The company had revenue of $465.67 million for the quarter, compared to analyst estimates of $233.49 million. During the same quarter in the previous year, the company earned ($1.31) EPS. Cheniere Energy’s revenue for the quarter was up 604.5% on a year-over-year basis. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post ($1.70) earnings per share for the current year.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Credit Suisse Group AG started coverage on Cheniere Energy in a report on Wednesday, October 12th. They issued an “outperform” rating and a $53.00 price target on the stock. Finally, Barclays PLC lowered their price target on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.50.
In other news, Director Samuel J. Merksamer acquired 13,500 shares of the stock in a transaction on Monday, November 14th. The shares were purchased at an average cost of $35.57 per share, for a total transaction of $480,195.00. Following the transaction, the director now owns 18,634 shares in the company, valued at approximately $662,811.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jack A. Fusco acquired 35,063 shares of the stock in a transaction on Monday, September 19th. The shares were purchased at an average price of $42.78 per share, for a total transaction of $1,499,995.14. Following the completion of the transaction, the insider now owns 340,824 shares in the company, valued at approximately $14,580,450.72. The disclosure for this purchase 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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