Cheniere Energy, Inc. (NYSEAMERICAN:LNG) is Key Square Capital Management LLC’s 2nd Largest Position

Key Square Capital Management LLC reduced its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 549,808 shares of the energy company’s stock after selling 17,107 shares during the period. Cheniere Energy accounts for approximately 13.7% of Key Square Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Key Square Capital Management LLC owned approximately 0.21% of Cheniere Energy worth $37,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. FMR LLC increased its holdings in Cheniere Energy by 2.3% during the 1st quarter. FMR LLC now owns 14,949,098 shares of the energy company’s stock worth $1,021,920,000 after acquiring an additional 335,290 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Cheniere Energy by 4.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 7,922,721 shares of the energy company’s stock worth $541,597,000 after acquiring an additional 352,597 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Cheniere Energy by 29.3% in the first quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock worth $416,024,000 after acquiring an additional 1,378,792 shares in the last quarter. American Century Companies Inc. grew its position in Cheniere Energy by 21.0% in the first quarter. American Century Companies Inc. now owns 3,295,093 shares of the energy company’s stock worth $225,253,000 after acquiring an additional 571,079 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Cheniere Energy by 10.7% in the first quarter. Neuberger Berman Group LLC now owns 3,021,337 shares of the energy company’s stock valued at $206,538,000 after acquiring an additional 293,236 shares during the last quarter.

Shares of NYSEAMERICAN LNG traded down $0.24 during midday trading on Wednesday, reaching $63.68. The company had a trading volume of 114,864 shares, compared to its average volume of 1,778,620. Cheniere Energy, Inc. has a one year low of $55.09 and a one year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. Cheniere Energy’s revenue was up 48.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS.

LNG has been the subject of several research analyst reports. Cowen reiterated an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Zacks Investment Research upgraded Cheniere Energy from a “sell” rating to a “hold” rating and set a $62.00 target price for the company in a research report on Tuesday, August 27th. Finally, BTIG Research initiated coverage on Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Cheniere Energy has a consensus rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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