Cheniere Energy, Inc. (LNG) Shares Bought by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 59.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,346,546 shares of the energy company’s stock after buying an additional 499,551 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.58% of Cheniere Energy worth $65,590,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of LNG. Steadfast Capital Management LP acquired a new position in Cheniere Energy in the 1st quarter valued at $89,895,000. Vanguard Group Inc. grew its stake in Cheniere Energy by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 16,980,682 shares of the energy company’s stock valued at $802,676,000 after buying an additional 598,979 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Cheniere Energy by 26.3% in the 1st quarter. Neuberger Berman Group LLC now owns 2,873,157 shares of the energy company’s stock valued at $135,814,000 after buying an additional 597,984 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Cheniere Energy by 54.4% in the 1st quarter. Point72 Asset Management L.P. now owns 1,553,227 shares of the energy company’s stock valued at $73,421,000 after buying an additional 547,227 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Cheniere Energy by 110.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock valued at $48,710,000 after buying an additional 525,000 shares during the last quarter.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. ValuEngine lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Tuesday, June 13th. Finally, Scotiabank set a $52.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Cheniere Energy presently has an average rating of “Hold” and a consensus price target of $54.08.
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Shares of Cheniere Energy, Inc. (NYSE:LNG) opened at 43.62 on Monday. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41. The firm’s market capitalization is $10.14 billion. The firm has a 50-day moving average of $42.81 and a 200 day moving average of $46.05.
In related news, CFO Michael J. Wortley acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 433,830 shares in the company, valued at $18,203,506.80. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Jack A. Fusco acquired 23,750 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the acquisition, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 29,750 shares of company stock worth $1,257,000.
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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