Analysts at BMO Capital Markets began coverage on shares of Cheniere Energy, Inc. (NYSE:LNG) in a note issued to investors on Monday. The firm set an “outperform” rating on the energy company’s stock.

LNG has been the subject of a number of other research reports. Zacks Investment Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub raised shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 6th. ValuEngine cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report 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 report 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 report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.08.

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In related news, insider Jack A. Fusco bought 23,750 shares of the stock in a transaction on Monday, September 11th. The shares were bought at an average cost 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 approximately $16,927,365.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean N. Markowitz bought 1,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders have purchased 29,750 shares of company stock valued at $1,257,000 over the last three months.

Several hedge funds have recently added to or reduced their stakes in LNG. FMR LLC boosted its position in 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 acquiring an additional 5,584,446 shares during the last quarter. Steadfast Capital Management LP acquired a new stake in Cheniere Energy during the first quarter worth approximately $89,895,000. Vanguard Group Inc. boosted its position in 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 acquiring an additional 653,176 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in 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 acquiring an additional 566,100 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Cheniere Energy by 54.4% during the first quarter. Point72 Asset Management L.P. now owns 1,553,227 shares of the energy company’s stock worth $73,421,000 after acquiring an additional 547,227 shares during the last quarter.

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.

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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