Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 672,518 shares of the energy company’s stock after buying an additional 58,042 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Cheniere Energy worth $46,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of LNG. Gryphon Financial Partners LLC lifted its stake in shares of Cheniere Energy by 126.5% during the third quarter. Gryphon Financial Partners LLC now owns 2,313 shares of the energy company’s stock valued at $161,000 after buying an additional 1,292 shares during the period. Exencial Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the second quarter worth approximately $202,000. Atlantic Trust LLC purchased a new position in shares of Cheniere Energy in the second quarter worth approximately $205,000. AMG National Trust Bank purchased a new position in shares of Cheniere Energy in the third quarter worth approximately $208,000. Finally, Janney Montgomery Scott LLC purchased a new position in Cheniere Energy during the third quarter valued at approximately $208,000.

Shares of NYSEAMERICAN LNG opened at $58.16 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $46.00 and a 1-year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Thursday, November 8th. The energy company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.61 billion. The business’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.24) earnings per share.

LNG has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Cheniere Energy in a research note on Wednesday, October 31st. They issued an “overweight” rating for the company. Bank of America reaffirmed a “buy” rating and issued a $79.00 target price on shares of Cheniere Energy in a report on Tuesday, August 28th. Barclays set a $78.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, October 12th. Goldman Sachs Group began coverage on shares of Cheniere Energy in a report on Monday, October 8th. They issued a “neutral” rating and a $77.00 target price on the stock. Finally, Cowen raised shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Wednesday, September 26th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $75.09.

In related news, Director David B. Kilpatrick sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $68.88, for a total value of $1,033,200.00. Following the transaction, the director now owns 4,397 shares of the company’s stock, valued at $302,865.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Sean N. Markowitz acquired 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of $59.10 per share, for a total transaction of $100,470.00. Following the purchase, the general counsel now owns 57,643 shares of the company’s stock, valued at $3,406,701.30. The disclosure for this purchase can be found here.

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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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