Korea Investment CORP reduced its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,539 shares of the energy company’s stock after selling 1,115 shares during the quarter. Korea Investment CORP’s holdings in Cheniere Energy were worth $871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Cheniere Energy by 8.9% in the 3rd quarter. FMR LLC now owns 15,788,826 shares of the energy company’s stock valued at $1,097,167,000 after purchasing an additional 1,285,298 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in Cheniere Energy by 15.1% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,368,147 shares of the energy company’s stock valued at $512,013,000 after purchasing an additional 969,224 shares during the period. Jennison Associates LLC boosted its stake in Cheniere Energy by 138.4% in the 3rd quarter. Jennison Associates LLC now owns 3,252,467 shares of the energy company’s stock valued at $226,014,000 after purchasing an additional 1,887,892 shares during the period. Senator Investment Group LP bought a new stake in Cheniere Energy in the 2nd quarter valued at $195,570,000. Finally, Millennium Management LLC boosted its stake in Cheniere Energy by 22.9% in the 2nd quarter. Millennium Management LLC now owns 2,429,696 shares of the energy company’s stock valued at $158,392,000 after purchasing an additional 452,718 shares during the period.

Shares of NYSEAMERICAN LNG opened at $60.28 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cheniere Energy’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned ($1.24) earnings per share.

In other Cheniere Energy news, General Counsel Sean N. Markowitz purchased 1,700 shares of the stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $59.10 per share, with a total value of $100,470.00. Following the acquisition, the general counsel now owns 57,643 shares of the company’s stock, valued at $3,406,701.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David B. Kilpatrick sold 15,000 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $68.88, for a total value of $1,033,200.00. Following the transaction, the director now directly owns 4,397 shares of the company’s stock, valued at approximately $302,865.36. The disclosure for this sale can be found here.

Several research firms recently issued reports on LNG. Scotiabank set a $82.00 price target on Cheniere Energy and gave the company a “buy” rating in a research note on Monday, August 20th. JPMorgan Chase & Co. began coverage on Cheniere Energy in a research note on Wednesday, October 31st. They issued an “overweight” rating for the company. Cowen upgraded Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, September 26th. Zacks Investment Research downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Cheniere Energy in a research note on Tuesday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $76.42.

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Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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