Private Advisor Group LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 45,539 shares of the energy company’s stock, valued at approximately $2,925,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Capital Management Inc. bought a new stake in shares of Cheniere Energy in the first quarter worth $102,000. Institutional & Family Asset Management LLC bought a new stake in shares of Cheniere Energy in the first quarter worth $121,000. Cerebellum GP LLC bought a new stake in shares of Cheniere Energy in the second quarter worth $174,000. Exencial Wealth Advisors LLC bought a new stake in shares of Cheniere Energy in the second quarter worth $202,000. Finally, Keybank National Association OH bought a new stake in shares of Cheniere Energy in the second quarter worth $218,000.

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Cheniere Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, May 7th. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 7th. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Monday, August 20th. Barclays set a $77.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, July 5th. Finally, Cowen boosted their target price on shares of Cheniere Energy from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.18.

In related news, Director Heather Zichal sold 3,406 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $68.72, for a total value of $234,060.32. Following the completion of the sale, the director now owns 9,958 shares of the company’s stock, valued at $684,313.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn sold 9,000,000 shares of the company’s stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $64.93, for a total transaction of $584,370,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,023,406 shares of company stock valued at $585,904,060.

LNG stock opened at $65.11 on Friday. Cheniere Energy, Inc. has a 1-year low of $40.69 and a 1-year high of $69.50.

Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.32). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted ($1.23) EPS. Cheniere Energy’s revenue was up 24.3% compared to the same quarter last year.

About Cheniere Energy

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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