Assenagon Asset Management S.A. significantly increased its stake in Cheniere Energy, Inc. (NYSE: LNG) during the third quarter of 2026, acquiring an additional 53,712 shares. This 21.0% increase brings the firm's total holdings to 309,774 shares, valued at approximately $83,338,000, representing about 0.15% of Cheniere Energy's stock.
Other institutional investors have also adjusted their positions in Cheniere Energy. Virginia Retirement Systems ET Al initiated a new position worth $7,122,000 in the second quarter, while the Saudi Central Bank boosted its holdings by 80.5%, acquiring an additional 6,397 shares valued at $3,428,000. Anchor Capital Advisors LLC, Groupe la Francaise, and Nykredit A S also purchased new stakes in the second quarter, with values of $32,472,000, $4,500,000, and $29,941,000, respectively. Collectively, hedge funds and institutional investors own 87.26% of Cheniere Energy's stock.
Cheniere Energy's stock has seen positive sentiment recently, with the company raising its 2026 guidance, indicating improved expectations for operating performance and cash generation. Analysts have highlighted the company's operational execution and its potential to benefit from rising LNG exports and electricity demand driven by artificial intelligence data centers. However, Scotiabank slightly reduced its price target to $311 from $312, maintaining a target above the stock's reported trading level.
As of Friday, Cheniere Energy's shares opened at $289.15, with a market capitalization of $59.72 billion. The company reported earnings per share of $3.02 for the quarter ending in August, missing analysts' estimates by $0.09. Despite this, revenue increased by 23.5% year-over-year to $5.73 billion. Analysts predict an average earnings per share of 16.76 for the current year.