Cheniere Energy, Inc. (LNG) Stake Raised by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC lifted its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 123.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,678 shares of the energy company’s stock after buying an additional 87,177 shares during the quarter. Catalyst Capital Advisors LLC owned about 0.07% of Cheniere Energy worth $7,102,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of LNG. Tower Research Capital LLC TRC acquired a new stake in Cheniere Energy in the second quarter worth $121,000. Van ECK Associates Corp grew its holdings in Cheniere Energy by 11.7% in the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after purchasing an additional 312 shares during the period. Atlantic Trust LLC acquired a new stake in Cheniere Energy in the second quarter worth $175,000. Fiduciary Trust Co. acquired a new stake in Cheniere Energy in the second quarter worth $188,000. Finally, WINTON GROUP Ltd acquired a new stake in Cheniere Energy in the second quarter worth $203,000.
A number of research firms have weighed in on LNG. BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a research note on Wednesday, October 25th. Citigroup Inc. raised their price objective on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday. ValuEngine lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Cheniere Energy presently has a consensus rating of “Buy” and a consensus target price of $53.50.
Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded down $0.55 on Monday, hitting $48.70. 2,008,000 shares of the company were exchanged, compared to its average volume of 1,996,300. Cheniere Energy, Inc. has a one year low of $37.85 and a one year high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Cheniere Energy’s quarterly revenue was up 201.7% compared to the same quarter last year.
In other news, insider Jack A. Fusco purchased 23,750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were bought 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 $16,927,365.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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Cheniere Energy Profile
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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