Brookfield Asset Management Inc. Purchases 566,100 Shares of Cheniere Energy, Inc. (LNG)
Brookfield Asset Management Inc. grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 43.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,873,390 shares of the energy company’s stock after purchasing an additional 566,100 shares during the quarter. Brookfield Asset Management Inc. owned approximately 0.81% of Cheniere Energy worth $91,253,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $121,000. Van ECK Associates Corp increased its position in shares of Cheniere Energy by 11.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after purchasing an additional 312 shares during the last quarter. Atlantic Trust LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $175,000. Fiduciary Trust Co. bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $188,000. Finally, WINTON GROUP Ltd bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $203,000.
LNG has been the topic of several recent research reports. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the company a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $54.82.
In related news, General Counsel Sean N. Markowitz acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the transaction, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jack A. Fusco acquired 23,750 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were bought at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the transaction, 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 90 days, insiders have acquired 29,750 shares of company stock worth $1,257,000.
Cheniere Energy, Inc. (NYSE:LNG) traded down 0.47% during trading on Friday, reaching $46.59. The company had a trading volume of 138,829 shares. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41. The firm’s 50 day moving average is $44.84 and its 200 day moving average is $46.02. The company’s market capitalization is $10.83 billion.
Cheniere Energy Profile
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.
Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG).
Receive News & Ratings for Cheniere Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.