QS Investors LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,108 shares of the energy company’s stock after purchasing an additional 3,000 shares during the quarter. QS Investors LLC’s holdings in Cheniere Energy were worth $1,126,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. HighVista Strategies LLC increased its holdings in Cheniere Energy by 217.7% in the 2nd quarter. HighVista Strategies LLC now owns 94,862 shares of the energy company’s stock worth $4,621,000 after buying an additional 65,000 shares during the period. Stifel Financial Corp grew its stake in shares of Cheniere Energy by 13.2% during the 2nd quarter. Stifel Financial Corp now owns 34,714 shares of the energy company’s stock worth $1,693,000 after purchasing an additional 4,061 shares during the period. Voya Investment Management LLC grew its stake in shares of Cheniere Energy by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 71,470 shares of the energy company’s stock worth $3,481,000 after purchasing an additional 11,275 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $1,260,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cheniere Energy by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 512,588 shares of the energy company’s stock worth $24,968,000 after purchasing an additional 4,052 shares during the period.
In other news, CFO Michael J. Wortley bought 5,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $41.96 per share, with a total value of $209,800.00. Following the completion of the acquisition, the chief financial officer now owns 433,830 shares of the company’s stock, valued at $18,203,506.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jack A. Fusco bought 23,750 shares of the stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the acquisition, the insider now directly owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Insiders acquired 29,750 shares of company stock worth $1,257,000 in the last three months.
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A number of equities research analysts have recently commented on LNG shares. Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Friday, July 21st. BidaskClub lowered Cheniere Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. BMO Capital Markets assumed coverage on Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, July 4th. Finally, ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $54.82.
Cheniere Energy, Inc. (NYSE:LNG) opened at 46.50 on Thursday. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41. The stock’s market cap is $10.81 billion. The firm has a 50-day moving average price of $43.88 and a 200-day moving average price of $45.98.
About Cheniere Energy
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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