As Cheniere Energy INC (LNG) Market Valuation Rose, Steadfast Capital Management LP Cut Position

May 17, 2018 - By Jason Grubb

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) LogoInvestors sentiment increased to 1.07 in 2017 Q4. Its up 0.10, from 0.97 in 2017Q3. It is positive, as 35 investors sold LNG shares while 109 reduced holdings. 50 funds opened positions while 104 raised stakes. 223.92 million shares or 3.92% more from 215.48 million shares in 2017Q3 were reported. Sumitomo Mitsui accumulated 579,266 shares. Pub Employees Retirement Association Of Colorado stated it has 0.01% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). Cornerstone Advisors has 508 shares for 0.02% of their portfolio. Tiaa Cref Invest Ltd Limited Liability Company has 0.03% invested in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). Shufro Rose Communications Limited Liability Co has 0.17% invested in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) for 31,850 shares. Westwood Grp Incorporated has invested 0.01% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). Cordasco Network has 0.01% invested in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). 13D Mngmt Limited Liability accumulated 4.35% or 271,064 shares. Amer Grp accumulated 4,649 shares. Kayne Anderson Cap Advsr Limited Partnership invested 0.35% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG). Balyasny Asset Ltd Llc invested in 0% or 4,351 shares. Captrust Fincl Advsr holds 0% or 22 shares in its portfolio. Miller Howard Investments New York holds 132,802 shares or 0.16% of its portfolio. Grp One Trading LP owns 0.03% invested in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) for 70,127 shares. Bessemer Gru has invested 0.01% in Cheniere Energy, Inc. (NYSEAMERICAN:LNG).

Since December 15, 2017, it had 0 buys, and 2 insider sales for $1.32 million activity. On Friday, December 15 the insider BRANDOLINI NUNO sold $1.00 million.

Robert Pitts decreased its stake in Cheniere Energy Inc (LNG) by 3.85% based on its latest 2017Q4 regulatory filing with the SEC. Steadfast Capital Management Lp sold 230,247 shares as the company’s stock rose 0.11% while stock markets declined. The hedge fund run by Robert Pitts held 5.74M shares of the public utilities company at the end of 2017Q4, valued at $309.30 million, down from 5.98 million at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Cheniere Energy Inc for a number of months, seems to be less bullish one the $15.13B market cap company. The stock decreased 1.04% or $0.65 during the last trading session, reaching $62.1. About 855,636 shares traded. Cheniere Energy, Inc. (NYSEMKT:LNG) has risen 17.39% since May 17, 2017 and is uptrending. It has outperformed by 5.84% the S&P500.

Steadfast Capital Management Lp, which manages about $8.17B and $6.39B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Call) (SPY) by 50,000 shares to 1.50 million shares, valued at $400.29M in 2017Q4, according to the filing. It also increased its holding in Alphabet Inc by 66,207 shares in the quarter, for a total of 286,531 shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

Analysts await Cheniere Energy, Inc. (NYSEAMERICAN:LNG) to report earnings on August, 14. They expect $0.25 EPS, up 120.33 % or $1.48 from last year’s $-1.23 per share. LNG’s profit will be $60.89 million for 62.10 P/E if the $0.25 EPS becomes a reality. After $1.18 actual EPS reported by Cheniere Energy, Inc. for the previous quarter, Wall Street now forecasts -78.81 % negative EPS growth.

Another recent and important Cheniere Energy, Inc. (NYSEAMERICAN:LNG) news was published by 247Wallst.com which published an article titled: “Cheniere Rolls Up Subsidiary for 1% Premium” on May 17, 2018.

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Institutional Positions Chart

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