NGAM Advisors L.P. decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,143 shares of the energy company’s stock after selling 20,040 shares during the period. NGAM Advisors L.P.’s holdings in Cheniere Energy were worth $2,101,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position 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 valued at $802,676,000 after buying an additional 598,979 shares during the period. Kensico Capital Management Corp raised its position 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 valued at $516,217,000 after buying an additional 100,000 shares during the period. Neuberger Berman Group LLC raised its position 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 valued at $135,814,000 after buying an additional 597,984 shares during the period. Steadfast Capital Management LP acquired a new position in Cheniere Energy during the first quarter valued at $89,895,000. Finally, Massachusetts Financial Services Co. MA raised its position 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 valued at $88,162,000 after buying an additional 355,672 shares during the period.

Shares of Cheniere Energy, Inc. (NYSE LNG) opened at 42.59 on Friday. The firm’s 50-day moving average is $46.19 and its 200-day moving average is $47.03. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41. The stock’s market capitalization is $9.90 billion.

TRADEMARK VIOLATION WARNING: “NGAM Advisors L.P. Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/13/ngam-advisors-l-p-lowers-position-in-cheniere-energy-inc-nyselng.html.

LNG has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, April 19th. Guggenheim initiated coverage on shares of Cheniere Energy in a research note on Monday, April 17th. They set a “buy” rating and a $54.00 price objective for the company. Scotiabank set a $52.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Friday, July 21st. Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research note on Tuesday, June 13th. Finally, BidaskClub lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG).

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

Receive News & Ratings for Cheniere Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.