Pictet Asset Management Ltd. lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,800 shares of the energy company’s stock after selling 1,600 shares during the period. Pictet Asset Management Ltd.’s holdings in Cheniere Energy were worth $3,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Duff & Phelps Investment Management Co. grew its holdings in shares of Cheniere Energy by 21.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 98,060 shares of the energy company’s stock worth $4,417,000 after acquiring an additional 17,520 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Cheniere Energy by 10.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,100,000 shares of the energy company’s stock worth $49,544,000 after acquiring an additional 100,000 shares during the period. First Trust Advisors LP grew its holdings in shares of Cheniere Energy by 63.7% in the third quarter. First Trust Advisors LP now owns 317,911 shares of the energy company’s stock worth $14,319,000 after acquiring an additional 123,732 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of Cheniere Energy by 8.5% in the third quarter. Xact Kapitalforvaltning AB now owns 19,041 shares of the energy company’s stock worth $858,000 after acquiring an additional 1,494 shares during the period. Finally, APG Asset Management N.V. grew its holdings in shares of Cheniere Energy by 8.6% in the third quarter. APG Asset Management N.V. now owns 377,193 shares of the energy company’s stock worth $16,989,000 after acquiring an additional 29,800 shares during the period.

Cheniere Energy, Inc. (NYSE:LNG) opened at $49.75 on Monday. Cheniere Energy, Inc. has a 52-week low of $35.07 and a 52-week high of $51.51.

Several analysts recently commented on LNG shares. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. J P Morgan Chase & Co cut their price objective on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a report on Wednesday, October 25th. Finally, BMO Capital Markets started coverage on 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 seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $52.61.

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In related news, insider Jack A. Fusco bought 23,750 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the transaction, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Wortley bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $41.96 per share, for a total transaction of $209,800.00. Following the completion of the transaction, the chief financial officer now directly owns 433,830 shares of the company’s stock, valued at approximately $18,203,506.80. The disclosure for this purchase can be found here. Insiders have purchased 29,750 shares of company stock worth $1,257,000 over 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.

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

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