Cheniere Energy, Inc. (NYSE:LNG) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages have also commented on LNG. Scotiabank set a $52.00 price target on Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. J P Morgan Chase & Co dropped their price target on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price for the company. ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.61.

Shares of Cheniere Energy (NYSE:LNG) traded up $1.41 during trading on Friday, reaching $48.96. The company had a trading volume of 2,722,377 shares, compared to its average volume of 2,160,000. Cheniere Energy has a 1-year low of $35.07 and a 1-year high of $51.41.

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In related news, insider Jack A. Fusco purchased 23,750 shares of Cheniere Energy stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the completion of the transaction, the insider now owns 399,985 shares in the company, valued at $16,927,365.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Sean N. Markowitz purchased 1,000 shares of Cheniere Energy stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $42.10 per share, with a total value of $42,100.00. Following the completion of the transaction, the general counsel now owns 10,022 shares of the company’s stock, valued at approximately $421,926.20. The disclosure for this purchase can be found here. Insiders acquired 29,750 shares of company stock valued at $1,257,000 over the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in LNG. Prudential Financial Inc. grew its position in shares of Cheniere Energy by 10.5% in the first quarter. Prudential Financial Inc. now owns 30,650 shares of the energy company’s stock valued at $1,449,000 after purchasing an additional 2,900 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Cheniere Energy by 2.7% in the first quarter. Teachers Advisors LLC now owns 311,907 shares of the energy company’s stock valued at $14,744,000 after purchasing an additional 8,325 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cheniere Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 508,536 shares of the energy company’s stock valued at $24,031,000 after purchasing an additional 27,777 shares in the last quarter. Amalgamated Bank grew its position in shares of Cheniere Energy by 9.4% in the first quarter. Amalgamated Bank now owns 10,840 shares of the energy company’s stock valued at $512,000 after purchasing an additional 934 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Cheniere Energy by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 388,713 shares of the energy company’s stock valued at $18,375,000 after purchasing an additional 19,731 shares in the last quarter.

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.

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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