Key Square Capital Management LLC trimmed its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 549,808 shares of the energy company’s stock after selling 17,107 shares during the quarter. Cheniere Energy comprises 13.7% of Key Square Capital Management LLC’s holdings, making the stock its 2nd biggest position. Key Square Capital Management LLC’s holdings in Cheniere Energy were worth $37,634,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 29.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock valued at $416,024,000 after acquiring an additional 1,378,792 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Cheniere Energy by 211,581.2% during the second quarter. Commonwealth Bank of Australia now owns 876,360 shares of the energy company’s stock valued at $59,972,000 after purchasing an additional 875,946 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cheniere Energy by 21.0% during the first quarter. American Century Companies Inc. now owns 3,295,093 shares of the energy company’s stock valued at $225,253,000 after purchasing an additional 571,079 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Cheniere Energy by 15,294.5% during the second quarter. Van ECK Associates Corp now owns 456,293 shares of the energy company’s stock valued at $31,233,000 after purchasing an additional 453,329 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Cheniere Energy by 9,011.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 410,000 shares of the energy company’s stock valued at $28,028,000 after buying an additional 405,500 shares during the last quarter.
Shares of LNG stock traded down $0.24 on Wednesday, reaching $63.68. The stock had a trading volume of 114,864 shares, compared to its average volume of 1,778,620. Cheniere Energy, Inc. has a 1 year low of $55.09 and a 1 year high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share.
LNG has been the subject of several research analyst reports. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a report on Tuesday, August 27th. BTIG Research initiated coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They set a “neutral” rating on the stock. Finally, Cowen restated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.63.
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 owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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