Verition Fund Management LLC Has $1.17 Million Holdings in Cheniere Energy, Inc. (LNG)
Verition Fund Management LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 100.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,978 shares of the energy company’s stock after purchasing an additional 12,003 shares during the quarter. Verition Fund Management LLC’s holdings in Cheniere Energy were worth $1,168,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in LNG. Waldron LP raised its holdings in Cheniere Energy by 2.3% during the 1st quarter. Waldron LP now owns 6,550 shares of the energy company’s stock worth $309,000 after purchasing an additional 150 shares during the last quarter. US Bancorp DE raised its holdings in Cheniere Energy by 37.4% during the 1st quarter. US Bancorp DE now owns 4,626 shares of the energy company’s stock worth $219,000 after purchasing an additional 1,258 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Cheniere Energy by 11.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock worth $23,582,000 after purchasing an additional 49,801 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Cheniere Energy by 8.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,794 shares of the energy company’s stock worth $367,000 after purchasing an additional 622 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Cheniere Energy by 10.5% during the 1st quarter. Prudential Financial Inc. now owns 30,650 shares of the energy company’s stock worth $1,449,000 after purchasing an additional 2,900 shares during the last quarter.
In other Cheniere Energy news, CFO Michael J. Wortley bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $42.32 per share, with a total value of $1,005,100.00. Following 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. In the last 90 days, insiders have purchased 29,750 shares of company stock valued at $1,257,000.
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Shares of Cheniere Energy, Inc. (NYSE:LNG) traded up 0.13% during mid-day trading on Friday, hitting $46.87. 1,810,603 shares of the stock traded hands. Cheniere Energy, Inc. has a 52 week low of $35.07 and a 52 week high of $51.41. The firm’s 50-day moving average is $44.16 and its 200-day moving average is $45.99. The stock’s market cap is $10.90 billion.
Several research firms have issued reports on LNG. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. ValuEngine lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Monday, September 25th. They set an “outperform” rating and a $60.00 price target for the company. Finally, Scotiabank set a $52.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Cheniere Energy has an average rating of “Buy” and a consensus target price of $54.82.
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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