Achmea Investment Management B.V. bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,035 shares of the energy company’s stock, valued at approximately $391,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Cheniere Energy by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock valued at $858,946,000 after acquiring an additional 653,176 shares during the period. FMR LLC grew its stake in shares of Cheniere Energy by 482.7% during the 2nd quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock valued at $328,368,000 after acquiring an additional 5,584,446 shares during the period. Steadfast Capital Management LP boosted its stake in Cheniere Energy by 44.2% in the 2nd quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after purchasing an additional 839,724 shares during the period. Macquarie Group Ltd. boosted its stake in Cheniere Energy by 26.8% in the 2nd quarter. Macquarie Group Ltd. now owns 2,474,425 shares of the energy company’s stock worth $120,529,000 after purchasing an additional 522,600 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in Cheniere Energy by 47.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,518,104 shares of the energy company’s stock worth $73,947,000 after purchasing an additional 491,678 shares during the period.
Shares of Cheniere Energy, Inc. (NYSE:LNG) traded up $0.12 during trading hours on Friday, hitting $49.75. The stock had a trading volume of 1,579,292 shares, compared to its average volume of 2,170,000. Cheniere Energy, Inc. has a 1 year low of $35.07 and a 1 year high of $51.51.
In other Cheniere Energy news, General Counsel Sean N. Markowitz bought 1,000 shares of Cheniere Energy stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the transaction, the general counsel now directly owns 10,022 shares of the company’s stock, valued at $421,926.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of Cheniere Energy stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the transaction, the insider now directly owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The disclosure for this purchase can be found here. Insiders bought 29,750 shares of company stock valued at $1,257,000 over the last 90 days.
Several research firms have weighed in on LNG. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BMO Capital Markets started coverage on Cheniere Energy in a research note on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Cheniere Energy currently has a consensus rating of “Buy” and an average target price of $52.61.
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Cheniere Energy Profile
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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