Sei Investments Co. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 90.7% during the second quarter, Holdings Channel reports. The fund owned 202,394 shares of the energy company’s stock after selling 1,962,457 shares during the period. Sei Investments Co.’s holdings in Cheniere Energy were worth $9,859,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. World Asset Management Inc increased its position in shares of Cheniere Energy by 16.0% in the second quarter. World Asset Management Inc now owns 9,454 shares of the energy company’s stock valued at $461,000 after buying an additional 1,306 shares during the last quarter. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Cheniere Energy during the second quarter valued at about $974,000. State of New Jersey Common Pension Fund D increased its position in shares of Cheniere Energy by 110.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock valued at $48,710,000 after buying an additional 525,000 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Cheniere Energy by 1.8% in the second quarter. Bessemer Group Inc. now owns 38,760 shares of the energy company’s stock valued at $1,888,000 after buying an additional 683 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC increased its position in shares of Cheniere Energy by 6.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 68,085 shares of the energy company’s stock valued at $3,316,000 after buying an additional 3,910 shares during the last quarter.

Shares of Cheniere Energy, Inc. (LNG) opened at 41.11 on Friday. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.41. The stock’s 50 day moving average price is $46.33 and its 200-day moving average price is $47.03. The company’s market cap is $9.56 billion.

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Several brokerages have issued reports on LNG. BidaskClub downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the company a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley downgraded Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research report on Tuesday, June 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Cheniere Energy in a research report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $54.08.

About Cheniere Energy

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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