Canada Pension Plan Investment Board increased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 2,494,000.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,410 shares of the energy company’s stock after buying an additional 249,400 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of Cheniere Energy worth $17,332,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LNG. Cornerstone Wealth Management LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $593,000. Aperio Group LLC boosted its position in shares of Cheniere Energy by 25.3% in the 2nd quarter. Aperio Group LLC now owns 75,356 shares of the energy company’s stock worth $4,912,000 after buying an additional 15,193 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Cheniere Energy by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,630 shares of the energy company’s stock worth $1,214,000 after buying an additional 1,138 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Cheniere Energy by 25.1% in the 2nd quarter. TD Asset Management Inc. now owns 9,078 shares of the energy company’s stock worth $592,000 after buying an additional 1,820 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Cheniere Energy by 6.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 614,476 shares of the energy company’s stock worth $40,058,000 after buying an additional 37,534 shares in the last quarter.
In related news, General Counsel Sean N. Markowitz acquired 1,700 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $59.10 per share, with a total value of $100,470.00. Following the purchase, the general counsel now directly owns 57,643 shares in the company, valued at approximately $3,406,701.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jack A. Fusco acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average cost of $59.20 per share, with a total value of $888,000.00. Following the purchase, the insider now owns 564,599 shares in the company, valued at $33,424,260.80. The disclosure for this purchase can be found here.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company posted ($1.24) earnings per share. Cheniere Energy’s revenue was up 29.7% on a year-over-year basis.
A number of research firms have issued reports on LNG. Citigroup reduced their target price on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday. Goldman Sachs Group began coverage on shares of Cheniere Energy in a report on Monday, October 8th. They issued a “neutral” rating and a $77.00 target price on the stock. Bank of America restated a “buy” rating and issued a $79.00 target price on shares of Cheniere Energy in a report on Tuesday, August 28th. Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.00 to $80.00 in a report on Wednesday, September 26th. Finally, Barclays set a $78.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a report on Friday, October 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.64.
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Cheniere Energy Profile
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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