Nine Chapters Capital Management LLC Invests $207,000 in Cheniere Energy, Inc. (LNG)

Nine Chapters Capital Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,600 shares of the energy company’s stock, valued at approximately $207,000.

Several other large investors have also added to or reduced their stakes in LNG. FMR LLC grew its position in shares of Cheniere Energy by 482.7% during the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after purchasing an additional 5,584,446 shares in the last quarter. Steadfast Capital Management LP grew its position in shares of Cheniere Energy by 44.2% during the second quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after purchasing an additional 839,724 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Cheniere Energy by 3.8% during the second quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock worth $858,946,000 after purchasing an additional 653,176 shares in the last quarter. Brookfield Asset Management Inc. grew its position in shares of Cheniere Energy by 43.3% during the second quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock worth $91,253,000 after purchasing an additional 566,100 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Cheniere Energy by 110.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock worth $48,710,000 after purchasing an additional 525,000 shares in the last quarter.

In other news, insider Jack A. Fusco bought 23,750 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $42.32 per share, with a total value of $1,005,100.00. Following the transaction, the insider now directly owns 399,985 shares in the company, valued at approximately $16,927,365.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Sean N. Markowitz bought 1,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $42.10 per share, with a total value of $42,100.00. Following the completion of the transaction, the general counsel now owns 10,022 shares in the company, valued at $421,926.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,750 shares of company stock valued at $1,257,000 over the last three months.

Shares of Cheniere Energy, Inc. (NYSE:LNG) traded up $1.62 during mid-day trading on Friday, hitting $48.96. The company had a trading volume of 2,730,000 shares, compared to its average volume of 2,160,000. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41.

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Several equities analysts have weighed in on the company. Zacks Investment Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Scotiabank set a $52.00 price target on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets initiated coverage on Cheniere Energy in a research note on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.61.

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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