Prudential Financial Inc. lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,350 shares of the energy company’s stock after selling 1,300 shares during the period. Prudential Financial Inc.’s holdings in Cheniere Energy were worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LNG. Steadfast Capital Management LP purchased a new position in Cheniere Energy during the 1st quarter valued at $89,895,000. Vanguard Group Inc. lifted its position in shares of Cheniere Energy by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 16,980,682 shares of the energy company’s stock worth $802,676,000 after purchasing an additional 598,979 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Cheniere Energy by 54.4% in the 1st quarter. Point72 Asset Management L.P. now owns 1,553,227 shares of the energy company’s stock worth $73,421,000 after purchasing an additional 547,227 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Cheniere Energy by 110.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock worth $48,710,000 after purchasing an additional 525,000 shares during the period. Finally, KBC Group NV lifted its position in shares of Cheniere Energy by 1,084.6% in the 2nd quarter. KBC Group NV now owns 402,457 shares of the energy company’s stock worth $19,604,000 after purchasing an additional 368,482 shares during the period.

In other news, General Counsel Sean N. Markowitz bought 1,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $42.10 per share, for a total transaction of $42,100.00. Following the acquisition, the general counsel now owns 10,022 shares of the company’s stock, valued at $421,926.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael J. Wortley bought 5,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $41.96 per share, with a total value of $209,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 433,830 shares in the company, valued at approximately $18,203,506.80. The disclosure for this purchase can be found here. In the last three months, insiders purchased 29,750 shares of company stock worth $1,257,000.

Cheniere Energy, Inc. (LNG) opened at 45.83 on Tuesday. The company’s market capitalization is $10.66 billion. Cheniere Energy, Inc. has a 52 week low of $35.07 and a 52 week high of $51.41. The company has a 50 day moving average of $42.93 and a 200 day moving average of $45.89.

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A number of brokerages have recently weighed in on LNG. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.82.

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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