Pointstate Capital Lp Lowers stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Pointstate Capital Lp reduced its stake in Cheniere Energy by 55.23% during the most recent quarter end. The investment management company now holds a total of 5,770,277 shares of Cheniere Energy which is valued at $248,064,208 after selling 7,117,637 shares in Cheniere Energy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cheniere Energy makes up approximately 6.34% of Pointstate Capital Lp’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd reduced its stake in LNG by selling 23,600 shares or 28.11% in the most recent quarter. The Hedge Fund company now holds 60,369 shares of LNG which is valued at $2,595,263. Cheniere Energy makes up approx 0.02% of Amp Capital Investors Ltd’s portfolio.Norges Bank reduced its stake in LNG by selling 516,852 shares or 29.28% in the most recent quarter. The Hedge Fund company now holds 1,248,585 shares of LNG which is valued at $53,676,669. Cheniere Energy makes up approx 0.03% of Norges Bank’s portfolio. Old West Investment Management added LNG to its portfolio by purchasing 208,589 company shares during the most recent quarter which is valued at $8,967,241. Cheniere Energy makes up approx 5.95% of Old West Investment Management’s portfolio.Blackrock Group Ltd boosted its stake in LNG in the latest quarter, The investment management firm added 430,892 additional shares and now holds a total of 1,924,955 shares of Cheniere Energy which is valued at $82,753,815. Cheniere Energy makes up approx 0.04% of Blackrock Group Ltd’s portfolio. Huntington National Bank sold out all of its stake in LNG during the most recent quarter. The investment firm sold 164 shares of LNG which is valued $6,740.

Cheniere Energy closed down -0.23 points or -0.54% at $42.67 with 14,69,499 shares getting traded on Thursday. Post opening the session at $42.64, the shares hit an intraday low of $42.37 and an intraday high of $43.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Cheniere Energy reported $-0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.49. The company had revenue of $176.80 million for the quarter, compared to analysts expectations of $64.08 million. The company’s revenue was up 160.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cheniere Energy. Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 53 from a previous price target of $64 .Scotia Howard Weil Upgraded Cheniere Energy on Jun 14, 2016 to ” Sector Outperform”, Price Target of the shares are set at $52.

Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P. (Cheniere Partners) which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.

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