Renaissance Technologies LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 205,900 shares of the energy company’s stock, valued at approximately $8,530,000. Renaissance Technologies LLC owned about 0.09% of Cheniere Energy at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of LNG. BlackRock Institutional Trust Company N.A. boosted its position in shares of Cheniere Energy by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,494,988 shares of the energy company’s stock worth $239,581,000 after buying an additional 78,551 shares during the last quarter. BlackRock Group LTD boosted its stake in Cheniere Energy by 21.9% in the third quarter. BlackRock Group LTD now owns 2,346,897 shares of the energy company’s stock worth $102,327,000 after buying an additional 421,942 shares in the last quarter. Fairview Capital Investment Management LLC boosted its stake in Cheniere Energy by 0.6% in the fourth quarter. Fairview Capital Investment Management LLC now owns 2,005,055 shares of the energy company’s stock worth $83,069,000 after buying an additional 12,875 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Cheniere Energy by 2.3% in the third quarter. Hennessy Advisors Inc. now owns 1,748,117 shares of the energy company’s stock worth $76,218,000 after buying an additional 39,000 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Cheniere Energy by 3.9% in the third quarter. Northern Trust Corp now owns 1,048,371 shares of the energy company’s stock worth $45,709,000 after buying an additional 39,831 shares in the last quarter.
Cheniere Energy, Inc. (NYSE:LNG) traded down 0.72% during mid-day trading on Friday, hitting $45.67. The company had a trading volume of 1,570,798 shares. The firm’s market capitalization is $10.61 billion. Cheniere Energy, Inc. has a 12-month low of $31.02 and a 12-month high of $50.53. The company’s 50 day moving average price is $46.15 and its 200-day moving average price is $43.62.
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A number of research analysts have commented on LNG shares. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday. Guggenheim started coverage on Cheniere Energy in a research report on Monday, April 17th. They issued a “buy” rating and a $54.00 price objective on the stock. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a research report on Thursday, March 23rd. Wells Fargo & Co assumed coverage on Cheniere Energy in a research report on Wednesday, February 8th. They issued an “outperform” rating and a $50.53 price target on the stock. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $58.00 price target (up from $55.00) on shares of Cheniere Energy in a research report on Saturday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $51.65.
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.
