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Cheniere Energy in 2016: What's Driving the Bullish Sentiment?

PART:
1 2 3 4 5 6 7 8 9
Part 6
Cheniere Energy in 2016: What's Driving the Bullish Sentiment? PART 6 OF 9

Are Institutional Investors Bullish on Cheniere Energy?

Number of holders

In this part of the series, we’ll analyze the institutional ownership of Cheniere Energy (LNG). The number of holders in LNG has declined to 516 as of June 20, 2016, compared to 557 at the end of 2015.

The percentage of total outstanding units and the percentage of float held by institutional investors have declined. This might indicate a bearish sentiment for LNG stock.

Are Institutional Investors Bullish on Cheniere Energy?

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The above table shows significant institutional ownership in LNG and much less retail ownership. An ownership percentage greater than 100% likely indicates the impact of high short interest. In the case of short sales, more than one investor may claim ownership for the same stock. We’ll look at Cheniere Energy’s short interest in the next part of the series.

Plains GP Holdings (PAGP), NuStar GP Holdings (NSH), ONEOK (OKE), and Spectra Energy (SE) are among the GPs (general partners) that have a high institutional holding.

Number of buyers and sellers

Buyers in Cheniere Energy have increased by 1.2% since the start of 2016 through June 20, 2016. Sellers have decreased by 27.2%. New buyers and sell-offs have decreased by 5.3% and 34.2%, respectively, during the same period. Except for new buyers, the remaining three factors indicate a bullish sentiment toward Cheniere Energy.

Top five holders

Icahn Capital, Baupost Group, Vanguard Group, Lone Pine Capital, and BlackRock are among the top five holders in Cheniere Energy. Icahn Capital, the largest institutional holder, holds 13.9% in the company as of June 20, 2016.

Icahn Capital, which is promoted by well known investor Carl Icahn, disclosed its investment in Cheniere Energy last year. There’s been no significant change in ownership since then. Icahn Capital also placed two members on Cheniere Energy’s board in August 2015.

Next, we’ll look at Cheniere Energy’s short interest and why it’s higher than the industry average.

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