Hennessy Advisors Inc. boosted its stake in Cheniere Energy, Inc. (NYSEMKT:LNG) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,748,117 shares of the company’s stock after buying an additional 39,000 shares during the period. Cheniere Energy comprises approximately 2.2% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Hennessy Advisors Inc. owned 0.77% of Cheniere Energy worth $76,218,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MSI Financial Services Inc raised its position in shares of Cheniere Energy by 5.3% in the third quarter. MSI Financial Services Inc now owns 13,430 shares of the company’s stock worth $586,000 after buying an additional 674 shares during the period. British Columbia Investment Management Corp raised its position in shares of Cheniere Energy by 9.2% in the third quarter. British Columbia Investment Management Corp now owns 86,312 shares of the company’s stock worth $3,763,000 after buying an additional 7,251 shares during the period. Addison Capital Co raised its position in shares of Cheniere Energy by 0.5% in the third quarter. Addison Capital Co now owns 40,767 shares of the company’s stock worth $1,777,000 after buying an additional 208 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Cheniere Energy by 9.3% in the third quarter. BNP Paribas Arbitrage SA now owns 15,943 shares of the company’s stock worth $695,000 after buying an additional 1,353 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Cheniere Energy by 65.8% in the second quarter. Macquarie Group Ltd. now owns 1,156,800 shares of the company’s stock worth $43,437,000 after buying an additional 459,100 shares during the period.
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) traded up 0.72% during trading on Monday, reaching $40.41. 1,104,507 shares of the company traded hands. Cheniere Energy, Inc. has a 12-month low of $22.80 and a 12-month high of $48.33. The firm’s 50-day moving average is $39.27 and its 200-day moving average is $39.35. The stock’s market capitalization is $9.25 billion.
Cheniere Energy (NYSEMKT:LNG) last announced its earnings results on Thursday, November 3rd. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.05. The firm had revenue of $465.67 million for the quarter, compared to the consensus estimate of $233.49 million. During the same quarter in the previous year, the company earned ($1.31) earnings per share. The company’s revenue for the quarter was up 604.5% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post ($1.66) earnings per share for the current fiscal year.
LNG has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Barclays PLC decreased their target price on shares of Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 6th. Finally, Credit Suisse Group AG initiated coverage on shares of Cheniere Energy in a research report on Wednesday, October 12th. They set an “outperform” rating and a $53.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Cheniere Energy has an average rating of “Buy” and an average price target of $54.50.
In other news, Director Samuel J. Merksamer purchased 13,500 shares of Cheniere Energy stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average price of $35.57 per share, for a total transaction of $480,195.00. Following the transaction, the director now owns 18,634 shares of the company’s stock, valued at approximately $662,811.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jack A. Fusco purchased 35,063 shares of Cheniere Energy stock in a transaction that occurred on Monday, September 19th. The shares were purchased at an average price of $42.78 per share, for a total transaction of $1,499,995.14. Following the transaction, the insider now directly owns 340,824 shares in the company, valued at approximately $14,580,450.72. The disclosure for this purchase can be found here.
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