Strs Ohio lessened its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 76.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,617 shares of the energy company’s stock after selling 8,401 shares during the period. Strs Ohio’s holdings in Cheniere Energy were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Alps Advisors Inc. bought a new position in Cheniere Energy during the 1st quarter worth $212,000. Victory Capital Management Inc. bought a new position in Cheniere Energy during the 1st quarter worth $11,274,000. Schwab Charles Investment Management Inc. increased its position in Cheniere Energy by 3.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 407,321 shares of the energy company’s stock worth $21,772,000 after buying an additional 12,661 shares during the period. American International Group Inc. increased its position in Cheniere Energy by 86.8% during the 1st quarter. American International Group Inc. now owns 8,685 shares of the energy company’s stock worth $464,000 after buying an additional 4,036 shares during the period. Finally, Aperio Group LLC increased its position in Cheniere Energy by 4.7% during the 1st quarter. Aperio Group LLC now owns 60,163 shares of the energy company’s stock worth $3,216,000 after buying an additional 2,718 shares during the period.
Shares of LNG stock opened at $66.63 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $71.03.
In related news, Director David B. Kilpatrick sold 15,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $68.88, for a total transaction of $1,033,200.00. Following the transaction, the director now owns 4,397 shares of the company’s stock, valued at $302,865.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently issued reports on LNG shares. Barclays set a $77.00 target price on Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, July 5th. BMO Capital Markets reissued a “buy” rating and set a $81.00 target price on shares of Cheniere Energy in a report on Friday, July 13th. US Capital Advisors reissued a “buy” rating on shares of Cheniere Energy in a report on Tuesday, July 17th. Zacks Investment Research lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Scotiabank set a $82.00 price objective on Cheniere Energy and gave the company a “buy” rating in a research note on Monday, August 20th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $71.18.
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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