Legacy Capital Partners Inc. boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,815 shares of the energy company’s stock after buying an additional 5,015 shares during the period. Legacy Capital Partners Inc.’s holdings in Cheniere Energy were worth $819,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Cheniere Energy by 3.7% in the first quarter. Vanguard Group Inc. now owns 16,980,682 shares of the energy company’s stock worth $802,676,000 after buying an additional 598,979 shares in the last quarter. Kensico Capital Management Corp increased its stake in Cheniere Energy by 0.9% in the first quarter. Kensico Capital Management Corp now owns 10,920,600 shares of the energy company’s stock worth $516,217,000 after buying an additional 100,000 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Cheniere Energy by 26.3% in the first quarter. Neuberger Berman Group LLC now owns 2,873,157 shares of the energy company’s stock worth $135,814,000 after buying an additional 597,984 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in Cheniere Energy during the first quarter worth $89,895,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Cheniere Energy by 23.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,865,077 shares of the energy company’s stock worth $88,162,000 after buying an additional 355,672 shares in the last quarter.

Shares of Cheniere Energy, Inc. (LNG) opened at 42.60 on Wednesday. The stock’s 50 day moving average is $46.84 and its 200 day moving average is $47.05. Cheniere Energy, Inc. has a 12 month low of $35.07 and a 12 month high of $51.41. The firm’s market cap is $9.90 billion. Cheniere Energy also was the recipient of some unusual options trading on Monday. Traders purchased 8,534 put options on the stock. This is an increase of 742% compared to the typical daily volume of 1,013 put options.

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A number of analysts have weighed in on LNG shares. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Wednesday, April 19th. Guggenheim started coverage on shares of Cheniere Energy in a research report on Monday, April 17th. They set a “buy” rating and a $54.00 target price for the company. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research report 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 target price for the company. in a research report on Tuesday, June 13th. Finally, BidaskClub downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. 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 company’s stock. Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $54.08.

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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