AlphaCrest Capital Management LLC Grows Stock Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

AlphaCrest Capital Management LLC increased its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 150.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the energy company’s stock after purchasing an additional 9,200 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Cheniere Energy were worth $1,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in Cheniere Energy by 4.8% in the third quarter. Vanguard Group Inc now owns 19,315,695 shares of the energy company’s stock worth $1,342,247,000 after purchasing an additional 890,140 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in Cheniere Energy by 2.7% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,570,124 shares of the energy company’s stock valued at $448,076,000 after buying an additional 201,977 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in Cheniere Energy by 7.7% in the 4th quarter. Harvest Fund Advisors LLC now owns 4,413,056 shares of the energy company’s stock valued at $261,209,000 after buying an additional 317,350 shares during the last quarter. American Century Companies Inc. increased its stake in Cheniere Energy by 47.3% in the 4th quarter. American Century Companies Inc. now owns 2,724,014 shares of the energy company’s stock valued at $161,234,000 after buying an additional 874,821 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Cheniere Energy by 9.2% in the 4th quarter. Macquarie Group Ltd. now owns 2,487,381 shares of the energy company’s stock valued at $147,228,000 after buying an additional 208,900 shares during the last quarter.

NYSEAMERICAN LNG traded up $0.23 on Friday, hitting $68.45. 1,851,755 shares of the company were exchanged, compared to its average volume of 1,783,043. Cheniere Energy, Inc. has a 12 month low of $55.09 and a 12 month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.25. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $1.90 billion. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS.

A number of brokerages have recently commented on LNG. Gabelli began coverage on shares of Cheniere Energy in a research report on Monday, May 13th. They issued a “buy” rating for the company. Cowen reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. Finally, Evercore ISI assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 12th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $78.50.

Cheniere Energy 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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