Private Advisor Group LLC decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,768 shares of the energy company’s stock after selling 1,832 shares during the period. Private Advisor Group LLC’s holdings in Cheniere Energy were worth $321,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of LNG. Van ECK Associates Corp grew its stake in shares of Cheniere Energy by 21.9% in the 1st quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $188,000. Greenwood Capital Associates LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $210,000. US Bancorp DE grew its stake in shares of Cheniere Energy by 37.4% in the 1st quarter. US Bancorp DE now owns 4,626 shares of the energy company’s stock valued at $219,000 after buying an additional 1,258 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of Cheniere Energy by 2.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 5,060 shares of the energy company’s stock valued at $228,000 after buying an additional 102 shares during the period.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. ValuEngine cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Morgan Stanley cut 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 research note on Tuesday, June 13th. Finally, Scotiabank set a $52.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.08.
Cheniere Energy, Inc. (LNG) opened at 43.92 on Tuesday. Cheniere Energy, Inc. has a one year low of $35.07 and a one year high of $51.41. The stock has a 50 day moving average of $42.77 and a 200 day moving average of $46.00. The firm’s market capitalization is $10.21 billion.
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In related news, General Counsel Sean N. Markowitz bought 1,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now owns 10,022 shares in the company, valued at $421,926.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jack A. Fusco bought 23,750 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the acquisition, the insider now owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 29,750 shares of company stock valued at $1,257,000.
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.
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