Sumitomo Mitsui Asset Management Company LTD decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 12.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,066 shares of the energy company’s stock after selling 1,924 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Cheniere Energy were worth $685,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in LNG. Dimensional Fund Advisors LP increased its stake in Cheniere Energy by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 480,759 shares of the energy company’s stock valued at $19,922,000 after buying an additional 5,561 shares during the period. Guggenheim Capital LLC increased its stake in Cheniere Energy by 11.6% in the fourth quarter. Guggenheim Capital LLC now owns 23,411 shares of the energy company’s stock valued at $970,000 after buying an additional 2,434 shares during the period. AQR Capital Management LLC bought a new stake in Cheniere Energy during the fourth quarter valued at about $339,000. Teachers Advisors LLC increased its stake in Cheniere Energy by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 303,582 shares of the energy company’s stock valued at $12,577,000 after buying an additional 19,230 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Cheniere Energy by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 67,260 shares of the energy company’s stock valued at $3,179,000 after buying an additional 500 shares during the period.

Shares of Cheniere Energy, Inc. (NYSE:LNG) opened at 42.60 on Wednesday. The company’s market cap is $9.90 billion. The company’s 50-day moving average price is $46.84 and its 200 day moving average price is $47.05. Cheniere Energy, Inc. has a 52 week low of $35.07 and a 52 week high of $51.41. Cheniere Energy also was the target of unusually large options trading on Monday. Traders bought 8,534 put options on the company. This represents an increase of approximately 742% compared to the typical volume of 1,013 put options.

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Several analysts have recently issued reports on LNG shares. Guggenheim started coverage on Cheniere Energy in a research note on Monday, April 17th. They set a “buy” rating and a $54.00 price target for the company. Barclays PLC upped their price target on Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, April 19th. Credit Suisse Group reiterated an “outperform” rating and set a $58.00 price target (up previously from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. Finally, Morgan Stanley downgraded 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $54.08.

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.

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

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