Korea Investment CORP raised its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 636.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,654 shares of the energy company’s stock after purchasing an additional 11,800 shares during the quarter. Korea Investment CORP’s holdings in Cheniere Energy were worth $890,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Institutional & Family Asset Management LLC purchased a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $174,000. Exencial Wealth Advisors LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $202,000. Sawtooth Solutions LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $217,000. Finally, Keybank National Association OH purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $218,000.

Shares of LNG opened at $65.59 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $42.97 and a fifty-two week high of $69.50.

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

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $65.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the director now owns 224,204 shares in the company, valued at approximately $14,573,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heather Zichal sold 3,406 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 9,958 shares of the company’s stock, valued at approximately $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 worth $585,904,060.

A number of equities research analysts have recently issued reports on the stock. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Monday, August 20th. Barclays set a $77.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, July 5th. Cowen boosted their price target on shares of Cheniere Energy from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, May 30th. Zacks Investment Research downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $81.00 price target on shares of Cheniere Energy in a research note on Friday, July 13th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $69.09.

Cheniere Energy Company Profile

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.

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

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