IFP Advisors Inc boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,405 shares of the energy company’s stock after buying an additional 876 shares during the period. IFP Advisors Inc’s holdings in Cheniere Energy were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LNG. UBS Asset Management Americas Inc. boosted its stake in shares of Cheniere Energy by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 498,879 shares of the energy company’s stock worth $23,582,000 after buying an additional 49,801 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Cheniere Energy during the first quarter worth approximately $142,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cheniere Energy during the first quarter worth approximately $341,000. AQR Capital Management LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $339,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Cheniere Energy by 11.7% in the second quarter. Xact Kapitalforvaltning AB now owns 17,547 shares of the energy company’s stock worth $855,000 after buying an additional 1,834 shares in the last quarter.

Shares of Cheniere Energy, Inc. (LNG) opened at 41.68 on Friday. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The firm’s market cap is $9.69 billion. The stock’s 50 day moving average is $45.30 and its 200-day moving average is $46.80.

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A number of analysts have commented on LNG shares. BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 price target (up previously from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. Zacks Investment Research cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cheniere Energy has a consensus rating of “Buy” and a consensus price target of $54.08.

In other news, General Counsel Sean N. Markowitz purchased 1,000 shares of the stock in a transaction dated 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 acquisition, the general counsel now owns 10,022 shares in the company, valued at approximately $421,926.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael J. Wortley purchased 5,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the acquisition, the chief financial officer now owns 433,830 shares of the company’s stock, valued at approximately $18,203,506.80. The disclosure for this purchase can be found here.

Cheniere Energy Company 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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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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