Cadence Capital Management LLC Purchases New Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Cadence Capital Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,001 shares of the energy company’s stock, valued at approximately $1,036,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $121,000. Van ECK Associates Corp grew its holdings in shares of Cheniere Energy by 11.7% in the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $175,000. Fiduciary Trust Co. acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $188,000. Finally, Shamrock Asset Management LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $196,000.

A number of research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective for the company. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. Cowen started coverage on shares of Cheniere Energy in a report on Friday, November 17th. They set a “market perform” rating and a $56.00 price target for the company. Citigroup upped their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.50.

In other news, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the transaction, the director now owns 2,464 shares in the company, valued at approximately $121,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $0.15 during trading on Wednesday, reaching $47.85. 1,933,000 shares of the company’s stock were exchanged, compared to its average volume of 1,965,826. Cheniere Energy, Inc. has a 52 week low of $40.36 and a 52 week high of $51.51.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s revenue was up 201.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.41) EPS.

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About Cheniere Energy

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.

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

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