Balyasny Asset Management LLC Has $73.95 Million Position in Cheniere Energy, Inc. (LNG)
Balyasny Asset Management LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 47.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,518,104 shares of the energy company’s stock after purchasing an additional 491,678 shares during the period. Balyasny Asset Management LLC owned about 0.65% of Cheniere Energy worth $73,947,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 653,176 shares during the last quarter. Kensico Capital Management Corp lifted its holdings in Cheniere Energy by 0.9% during the 1st quarter. Kensico Capital Management Corp now owns 10,920,600 shares of the energy company’s stock valued at $516,217,000 after purchasing an additional 100,000 shares during the last quarter. FMR LLC lifted its holdings in 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 purchasing an additional 5,584,446 shares during the last quarter. Steadfast Capital Management LP bought a new position in Cheniere Energy during the 1st quarter valued at about $89,895,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 23.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,865,077 shares of the energy company’s stock valued at $88,162,000 after purchasing an additional 355,672 shares during the last quarter.
Shares of Cheniere Energy, Inc. (NYSE LNG) traded up 1.539% during trading on Thursday, hitting $44.545. 742,373 shares of the company’s stock were exchanged. The stock’s market cap is $10.36 billion. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The stock’s 50-day moving average price is $42.75 and its 200-day moving average price is $45.98.
Several equities analysts recently issued reports on LNG shares. ValuEngine downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley downgraded 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 raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Tuesday, July 4th. Finally, 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.82.
In related news, General Counsel Sean N. Markowitz purchased 1,000 shares of Cheniere Energy stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the purchase, the general counsel now owns 10,022 shares in the company, valued at approximately $421,926.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jack A. Fusco purchased 23,750 shares of Cheniere Energy stock in a transaction dated 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 purchase, the insider now owns 399,985 shares in the company, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 29,750 shares of company stock worth $1,257,000.
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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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