Brigade Capital Management LP cut its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 94.5% in the second quarter, Holdings Channel reports. The institutional investor owned 18,000 shares of the energy company’s stock after selling 310,500 shares during the period. Brigade Capital Management LP’s holdings in Cheniere Energy were worth $1,232,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA lifted its position in shares of Cheniere Energy by 130.7% in the second quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock valued at $33,000 after buying an additional 277 shares during the last quarter. Quad Cities Investment Group LLC bought a new position in shares of Cheniere Energy in the 2nd quarter valued at $36,000. Manchester Financial Inc. bought a new position in shares of Cheniere Energy in the 2nd quarter valued at $38,000. Berman Capital Advisors LLC increased its stake in shares of Cheniere Energy by 125.3% in the 1st quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock valued at $39,000 after purchasing an additional 322 shares during the last quarter. Finally, Lee Financial Co bought a new stake in Cheniere Energy during the 2nd quarter worth $41,000.
Shares of NYSEAMERICAN LNG traded up $0.55 during trading hours on Wednesday, hitting $66.43. The company’s stock had a trading volume of 164,966 shares, compared to its average volume of 1,786,142. Cheniere Energy, Inc. has a 12 month low of $55.09 and a 12 month high of $71.03.
Several research analysts have commented on LNG shares. Zacks Investment Research downgraded Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 target price on the stock. in a report on Thursday, September 12th. BTIG Research initiated coverage on Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating on the stock. Finally, Cowen reaffirmed an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Cheniere Energy currently has an average rating of “Buy” and a consensus price target of $76.38.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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