Kemnay Advisory Services Inc. Boosts Position in Cheniere Energy, Inc. (LNG)

Kemnay Advisory Services Inc. boosted its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 1,882.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,760 shares of the energy company’s stock after acquiring an additional 26,360 shares during the quarter. Cheniere Energy accounts for 0.6% of Kemnay Advisory Services Inc.’s portfolio, making the stock its 20th largest position. Kemnay Advisory Services Inc.’s holdings in Cheniere Energy were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its position in Cheniere Energy by 126.5% in the 3rd quarter. Gryphon Financial Partners LLC now owns 2,313 shares of the energy company’s stock valued at $161,000 after acquiring an additional 1,292 shares in the last quarter. Wetherby Asset Management Inc. bought a new stake in Cheniere Energy in the 3rd quarter valued at $208,000. AMG National Trust Bank bought a new stake in Cheniere Energy during the 3rd quarter worth about $208,000. Janney Montgomery Scott LLC bought a new stake in Cheniere Energy during the 3rd quarter worth about $208,000. Finally, Freestone Capital Holdings LLC bought a new stake in Cheniere Energy during the 3rd quarter worth about $213,000.

Several equities research analysts have commented on the stock. Guggenheim reissued a “buy” rating and set a $85.00 price target on shares of Cheniere Energy in a research report on Tuesday. Citigroup cut their price target on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. JPMorgan Chase & Co. assumed coverage on shares of Cheniere Energy in a research report on Wednesday, October 31st. They set an “overweight” rating on the stock. Barclays set a $78.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, Goldman Sachs Group assumed coverage on shares of Cheniere Energy in a research report on Monday, October 8th. They set a “neutral” rating and a $77.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.42.

In other news, General Counsel Sean N. Markowitz acquired 1,700 shares of the stock in a transaction dated Wednesday, November 14th. The shares were bought at an average cost of $59.10 per share, for a total transaction of $100,470.00. Following the purchase, the general counsel now directly owns 57,643 shares of the company’s stock, valued at $3,406,701.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jack A. Fusco acquired 15,000 shares of the stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average price of $59.20 per share, for a total transaction of $888,000.00. Following the completion of the purchase, the insider now directly owns 564,599 shares in the company, valued at $33,424,260.80. The disclosure for this purchase can be found here.

Cheniere Energy stock opened at $60.58 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing the 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. Cheniere Energy’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.24) EPS.

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

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