Sumitomo Mitsui Trust Holdings Inc. increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,606 shares of the energy company’s stock after buying an additional 10,946 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Cheniere Energy worth $28,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. bought a new position in shares of Cheniere Energy during the first quarter valued at about $230,000. DnB Asset Management AS raised its position in shares of Cheniere Energy by 16.1% in the first quarter. DnB Asset Management AS now owns 16,608 shares of the energy company’s stock valued at $785,000 after buying an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Cheniere Energy during the first quarter valued at about $142,000. Candriam Luxembourg S.C.A. raised its position in shares of Cheniere Energy by 33.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 16,747 shares of the energy company’s stock valued at $792,000 after buying an additional 4,165 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Cheniere Energy by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,338 shares of the energy company’s stock valued at $236,000 after buying an additional 279 shares in the last quarter.

Cheniere Energy, Inc. (NYSE LNG) opened at 41.33 on Wednesday. The company has a 50-day moving average of $44.45 and a 200 day moving average of $46.55. Cheniere Energy, Inc. has a 12 month low of $35.07 and a 12 month high of $51.41. The company’s market cap is $9.61 billion.

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Several research analysts recently issued reports on LNG shares. Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a research report on Tuesday, June 13th. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 4th. Scotiabank set a $52.00 target price on Cheniere Energy and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.08.

In other news, CFO Michael J. Wortley acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $41.96 per share, with a total value of $209,800.00. Following the transaction, the chief financial officer now directly owns 433,830 shares in the company, valued at $18,203,506.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Sean N. Markowitz acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the transaction, the general counsel now owns 10,022 shares in the company, valued at $421,926.20. 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.

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

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