Terra Nova Asset Management Lowers stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Terra Nova Asset Management reduced its stake in Cheniere Energy by 5.08% during the most recent quarter end. The investment management company now holds a total of 8,415 shares of Cheniere Energy which is valued at $345,857 after selling 450 shares in Cheniere Energy , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cheniere Energy makes up approximately 0.57% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in LNG in the latest quarter, The investment management firm added 3,138 additional shares and now holds a total of 9,973 shares of Cheniere Energy which is valued at $409,890. Cheniere Energy makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio. Cornerstone Advisors added LNG to its portfolio by purchasing 736 company shares during the most recent quarter which is valued at $30,250. Cheniere Energy makes up approx 0.03% of Cornerstone Advisors’s portfolio.Nisa Investment Advisors boosted its stake in LNG in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 14,900 shares of Cheniere Energy which is valued at $598,235. Cheniere Energy makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

Cheniere Energy opened for trading at $41.19 and hit $42.065 on the upside on Friday, eventually ending the session at $41.83, with a gain of 0.80% or 0.33 points. The heightened volatility saw the trading volume jump to 19,28,440 shares. Company has a market cap of $9,851 M.

On the company’s financial health, Cheniere Energy reported $-1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.52. The company had revenue of $69.08 million for the quarter, compared to analysts expectations of $63.25 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.18 EPS.

Many Wall Street Analysts have commented on Cheniere Energy. Scotia Howard Weil Upgraded Cheniere Energy on Jun 14, 2016 to ” Sector Outperform”, Price Target of the shares are set at $52.Bernstein Initiated Cheniere Energy on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $38.

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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