New Jersey Better Educational Savings Trust Buys 1,000 Shares of Cheniere Energy, Inc. (LNG)

New Jersey Better Educational Savings Trust increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 11,000 shares of the energy company’s stock after buying an additional 1,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Cheniere Energy were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LNG. Van ECK Associates Corp raised its position in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares during the period. State of Alaska Department of Revenue bought a new position in Cheniere Energy during the first quarter valued at approximately $142,000. Advisory Services Network LLC bought a new position in Cheniere Energy during the first quarter valued at approximately $155,000. Toronto Dominion Bank raised its position in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after buying an additional 449 shares during the period. Finally, Regentatlantic Capital LLC bought a new position in Cheniere Energy during the first quarter valued at approximately $201,000.

Cheniere Energy, Inc. (NYSE:LNG) opened at 43.00 on Thursday. Cheniere Energy, Inc. has a 12-month low of $35.07 and a 12-month high of $51.41. The stock’s 50 day moving average price is $46.48 and its 200 day moving average price is $47.07. The company’s market capitalization is $10.00 billion. Cheniere Energy also was the recipient of unusually large options trading activity on Monday. Investors bought 8,534 put options on the company. This represents an increase of approximately 742% compared to the typical volume of 1,013 put options.

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LNG has been the subject of several recent research reports. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, April 19th. Guggenheim initiated coverage on Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 target price for the company. Scotiabank set a $52.00 target price on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price for the company. in a report on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $58.00 target price (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Cheniere Energy has an average rating of “Buy” and a consensus target price of $54.08.

About Cheniere Energy

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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