Westpac Banking Corp Holds Stake in Cheniere Energy, Inc. (LNG)
Westpac Banking Corp maintained its position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,128 shares of the energy company’s stock at the end of the second quarter. Westpac Banking Corp’s holdings in Cheniere Energy were worth $591,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in LNG. Capstone Asset Management Co. acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $230,000. Waldron LP boosted its holdings in shares of Cheniere Energy by 2.3% in the first quarter. Waldron LP now owns 6,550 shares of the energy company’s stock valued at $309,000 after buying an additional 150 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Cheniere Energy by 9.9% in the first quarter. ProShare Advisors LLC now owns 20,514 shares of the energy company’s stock valued at $970,000 after buying an additional 1,841 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Cheniere Energy by 20.5% in the first quarter. Advisors Asset Management Inc. now owns 29,700 shares of the energy company’s stock valued at $1,404,000 after buying an additional 5,051 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Cheniere Energy by 136.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 15,208 shares of the energy company’s stock valued at $725,000 after buying an additional 8,766 shares during the period.
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Cheniere Energy, Inc. (LNG) opened at 42.40 on Thursday. The company’s 50-day moving average is $43.04 and its 200 day moving average is $46.13. The firm’s market cap is $9.86 billion. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41.
In other Cheniere Energy news, insider Jack A. Fusco purchased 23,750 shares of the firm’s 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 purchase, the insider now owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Sean N. Markowitz purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $42.10 per share, with a total value of $42,100.00. Following the purchase, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 29,750 shares of company stock valued at $1,257,000 in the last 90 days.
Several research analysts have recently weighed in on LNG shares. Scotiabank set a $52.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Morgan Stanley cut shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Tuesday, June 13th. Zacks Investment Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.08.
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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