Chicago Equity Partners LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,515 shares of the energy company’s stock, valued at approximately $685,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC acquired a new position in Cheniere Energy in the 1st quarter valued at approximately $121,000. Cerebellum GP LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $174,000. Exencial Wealth Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $202,000. Sawtooth Solutions LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $217,000. Finally, Keybank National Association OH acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $218,000.

Shares of LNG opened at $65.83 on Friday. Cheniere Energy, Inc. has a 12 month low of $41.77 and a 12 month high of $69.50.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Thursday, August 9th. The energy company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.32). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.64 billion. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.23) EPS.

LNG has been the topic of several analyst reports. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Monday, August 20th. Cowen increased their price target on shares of Cheniere Energy from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 30th. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. BMO Capital Markets restated a “buy” rating and set a $81.00 price target on shares of Cheniere Energy in a research note on Friday, July 13th. Finally, Bank of America restated a “buy” rating and set a $79.00 price target on shares of Cheniere Energy in a research note on Tuesday, August 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $69.09.

In related news, major shareholder Carl C. Icahn sold 9,000,000 shares of the company’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $64.93, for a total transaction of $584,370,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Heather Zichal sold 3,406 shares of the company’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $68.72, for a total transaction of $234,060.32. Following the sale, the director now directly owns 9,958 shares of the company’s stock, valued at $684,313.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,023,406 shares of company stock valued at $585,904,060.

About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

Further Reading: Closed-End Mutual Funds

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. (NYSEAMERICAN:LNG).

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

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