Cheniere Energy, Inc. (LNG) Shares Bought by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP raised its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 103.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596,640 shares of the energy company’s stock after acquiring an additional 303,440 shares during the quarter. Kayne Anderson Capital Advisors LP owned approximately 0.24% of Cheniere Energy worth $38,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Global X Management Co. LLC boosted its stake in Cheniere Energy by 10.4% in the first quarter. Global X Management Co. LLC now owns 500,524 shares of the energy company’s stock valued at $26,753,000 after acquiring an additional 47,320 shares during the last quarter. Paradigm Financial Advisors LLC boosted its stake in Cheniere Energy by 3.4% in the first quarter. Paradigm Financial Advisors LLC now owns 29,229 shares of the energy company’s stock valued at $1,562,000 after acquiring an additional 953 shares during the last quarter. Morse Asset Management Inc purchased a new position in Cheniere Energy in the first quarter valued at about $887,000. Commerzbank Aktiengesellschaft FI boosted its stake in Cheniere Energy by 548.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 270,945 shares of the energy company’s stock valued at $14,482,000 after acquiring an additional 229,165 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in Cheniere Energy in the first quarter valued at about $212,000.

Cheniere Energy stock opened at $60.28 on Thursday. Cheniere Energy, Inc. has a 1-year low of $40.36 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 for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.32). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.64 billion. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.23) earnings per share.

In other Cheniere Energy news, major shareholder Carl C. Icahn sold 9,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $64.93, for a total value of $584,370,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $65.00, for a total transaction 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 approximately $14,573,260. The disclosure for this sale can be found here. Insiders have sold a total of 9,023,406 shares of company stock worth $585,904,060 in the last ninety days.

LNG has been the topic of several research reports. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, May 17th. Morgan Stanley boosted their price target on shares of Cheniere Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, May 7th. Barclays set a $77.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, July 5th. BMO Capital Markets reissued a “buy” rating and issued a $81.00 price target on shares of Cheniere Energy in a research report on Friday, July 13th. Finally, Bank of America boosted their price target on shares of Cheniere Energy from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.64.

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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