Baird Financial Group Inc. decreased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 53.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,101 shares of the energy company’s stock after selling 24,278 shares during the quarter. Baird Financial Group Inc.’s holdings in Cheniere Energy were worth $1,376,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Institutional & Family Asset Management LLC acquired a new stake in shares of Cheniere Energy during the first quarter worth approximately $121,000. Cerebellum GP LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth approximately $174,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth approximately $202,000. Sawtooth Solutions LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth approximately $217,000. Finally, Keybank National Association OH acquired a new stake in shares of Cheniere Energy during the second quarter worth approximately $218,000.

A number of analysts have recently weighed in on the stock. Bank of America reissued a “buy” rating and set a $79.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 28th. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Monday, August 20th. Zacks Investment Research downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. US Capital Advisors reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, July 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Cheniere Energy in a report on Friday, July 13th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Cheniere Energy presently has an average rating of “Buy” and an average price target of $69.09.

In related news, Director Heather Zichal sold 3,406 shares of Cheniere Energy stock in a transaction dated Friday, June 22nd. The shares were 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 in the company, valued at $684,313.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Carl C. Icahn sold 9,000,000 shares of Cheniere Energy stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $64.93, for a total value of $584,370,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,023,406 shares of company stock worth $585,904,060.

Shares of NYSEAMERICAN LNG opened at $64.77 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $69.50.

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

Cheniere Energy 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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