Cheniere Energy, Inc. (NYSE:LNG) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

LNG has been the topic of several other research reports. ValuEngine downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, July 4th. Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Monday, September 25th. They set an “outperform” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Cheniere Energy has an average rating of “Buy” and an average target price of $54.82.

Cheniere Energy (NYSE:LNG) traded up 1.55% on Tuesday, reaching $46.55. 997,497 shares of the company were exchanged. Cheniere Energy has a 12-month low of $35.07 and a 12-month high of $51.41. The company’s 50-day moving average price is $43.16 and its 200-day moving average price is $45.90. The stock’s market capitalization is $10.82 billion.

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In other news, General Counsel Sean N. Markowitz bought 1,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael J. Wortley bought 5,000 shares of the stock in a transaction dated 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 acquisition, the chief financial officer now owns 433,830 shares of the company’s stock, valued at $18,203,506.80. The disclosure for this purchase can be found here. In the last quarter, insiders bought 29,750 shares of company stock valued at $1,257,000.

Several hedge funds have recently made changes to their positions in LNG. FMR LLC raised its holdings in shares of Cheniere Energy by 482.7% in the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock valued at $328,368,000 after purchasing an additional 5,584,446 shares during the last quarter. Steadfast Capital Management LP purchased a new stake in shares of Cheniere Energy in the first quarter valued at about $89,895,000. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 3.8% in the second quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock valued at $858,946,000 after purchasing an additional 653,176 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in shares of Cheniere Energy by 43.3% in the second quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after purchasing an additional 566,100 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Cheniere Energy by 54.4% in the first quarter. Point72 Asset Management L.P. now owns 1,553,227 shares of the energy company’s stock valued at $73,421,000 after purchasing an additional 547,227 shares during the last quarter.

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.

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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