Cadence Capital Management LLC Takes $1.04 Million Position in Cheniere Energy, Inc. (LNG)

Cadence Capital Management LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,001 shares of the energy company’s stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Cheniere Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 508,536 shares of the energy company’s stock worth $24,031,000 after purchasing an additional 27,777 shares in the last quarter. Capstone Asset Management Co. lifted its position in Cheniere Energy by 15.4% during the 2nd quarter. Capstone Asset Management Co. now owns 5,623 shares of the energy company’s stock worth $274,000 after acquiring an additional 750 shares during the period. Aperio Group LLC lifted its position in Cheniere Energy by 4.7% during the 2nd quarter. Aperio Group LLC now owns 57,358 shares of the energy company’s stock worth $2,794,000 after acquiring an additional 2,566 shares during the period. Strs Ohio lifted its position in Cheniere Energy by 88.8% during the 2nd quarter. Strs Ohio now owns 17,532 shares of the energy company’s stock worth $853,000 after acquiring an additional 8,247 shares during the period. Finally, Bessemer Group Inc. lifted its position in Cheniere Energy by 1.8% during the 2nd quarter. Bessemer Group Inc. now owns 38,760 shares of the energy company’s stock worth $1,888,000 after acquiring an additional 683 shares during the period.

Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $0.16 during midday trading on Monday, hitting $48.48. The company’s stock had a trading volume of 1,780,600 shares, compared to its average volume of 1,972,641. Cheniere Energy, Inc. has a twelve month low of $40.36 and a twelve month high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.27 billion. The business’s revenue was up 201.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) EPS.

In other Cheniere Energy news, insider Jack A. Fusco purchased 23,750 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the purchase, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the transaction, the director now owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The disclosure for this sale can be found here.

A number of analysts have commented on LNG shares. BidaskClub cut Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. J P Morgan Chase & Co lowered their price target on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Cowen started coverage on Cheniere Energy in a research report on Friday, November 17th. They set a “market perform” rating and a $56.00 price target for the company. BMO Capital Markets started coverage on Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 price target for the company. Finally, ValuEngine cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $53.50.

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Cheniere Energy Company 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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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