Anchor Bolt Capital LP increased its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 46.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,625,502 shares of the energy company’s stock after buying an additional 518,592 shares during the quarter. Cheniere Energy comprises approximately 3.0% of Anchor Bolt Capital LP’s portfolio, making the stock its 6th biggest holding. Anchor Bolt Capital LP owned approximately 0.68% of Cheniere Energy worth $73,213,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in shares of Cheniere Energy by 1.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock worth $16,582,000 after purchasing an additional 4,247 shares during the period. AMP Capital Investors Ltd raised its holdings in shares of Cheniere Energy by 26.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 487,574 shares of the energy company’s stock worth $21,962,000 after purchasing an additional 102,674 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Cheniere Energy by 12.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,940 shares of the energy company’s stock worth $1,123,000 after purchasing an additional 2,700 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $1,190,000. Finally, Bluestein R H & Co. raised its holdings in shares of Cheniere Energy by 44.1% in the 3rd quarter. Bluestein R H & Co. now owns 12,250 shares of the energy company’s stock worth $552,000 after purchasing an additional 3,750 shares during the period.
In other Cheniere Energy news, insider Jack A. Fusco acquired 23,750 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, 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.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted ($0.41) EPS. The firm’s quarterly revenue was up 201.7% compared to the same quarter last year.
A number of equities analysts have recently commented on the company. BMO Capital Markets assumed coverage on Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective on the stock. Scotiabank restated a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a report on Wednesday, October 25th. Cowen assumed coverage on Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price for the company. Citigroup increased their target price on Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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