Redpoint Investment Management Pty Ltd Acquires New Position in Cheniere Energy, Inc. (LNG)

Redpoint Investment Management Pty Ltd acquired a new position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the second quarter, Holdings Channel reports. The fund acquired 3,359 shares of the energy company’s stock, valued at approximately $219,000.

A number of other institutional investors have also bought and sold shares of LNG. American Century Companies Inc. bought a new stake in shares of Cheniere Energy during the second quarter worth $93,020,000. PointState Capital LP raised its position in shares of Cheniere Energy by 24.9% during the first quarter. PointState Capital LP now owns 6,846,793 shares of the energy company’s stock worth $365,961,000 after acquiring an additional 1,365,475 shares during the last quarter. Millennium Management LLC raised its position in shares of Cheniere Energy by 137.8% during the first quarter. Millennium Management LLC now owns 1,976,978 shares of the energy company’s stock worth $105,669,000 after acquiring an additional 1,145,445 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cheniere Energy by 24.2% during the first quarter. The Manufacturers Life Insurance Company now owns 4,285,493 shares of the energy company’s stock worth $229,060,000 after acquiring an additional 833,761 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Cheniere Energy by 97,824.4% during the first quarter. Summit Trail Advisors LLC now owns 787,312 shares of the energy company’s stock worth $787,000 after acquiring an additional 786,508 shares during the last quarter.

NYSEAMERICAN:LNG opened at $65.11 on Monday. Cheniere Energy, Inc. has a 1 year low of $40.69 and a 1 year high of $69.50.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.32). The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted ($1.23) earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis.

A number of equities research analysts recently commented on LNG shares. Stifel Nicolaus upped their price objective on Cheniere Energy from $65.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 7th. US Capital Advisors reiterated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, July 17th. BMO Capital Markets reiterated a “buy” rating and issued a $81.00 price objective on shares of Cheniere Energy in a report on Friday, July 13th. Barclays set a $77.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Thursday, July 5th. Finally, Scotiabank set a $82.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.18.

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $65.00, for a total value of $1,300,000.00. Following the completion of the transaction, the director now directly owns 224,204 shares of the company’s stock, valued at $14,573,260. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Heather Zichal sold 3,406 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $68.72, for a total value of $234,060.32. Following the completion of the transaction, the director now directly owns 9,958 shares of the company’s stock, valued at $684,313.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,023,406 shares of company stock valued at $585,904,060.

About Cheniere Energy

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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