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.

Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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