Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 2,537 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,208 shares of the energy company’s stock after buying an additional 2,537 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Cheniere Energy were worth $2,769,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Cheniere Energy by 45.9% in the 4th quarter. CWM LLC now owns 810 shares of the energy company’s stock worth $49,000 after buying an additional 255 shares during the last quarter. Appleton Partners Inc. MA lifted its position in Cheniere Energy by 11.5% in the 4th quarter. Appleton Partners Inc. MA now owns 4,398 shares of the energy company’s stock worth $269,000 after buying an additional 453 shares during the last quarter. Chickasaw Capital Management LLC bought a new stake in Cheniere Energy in the 4th quarter worth approximately $18,176,000. Catalyst Capital Advisors LLC lifted its position in Cheniere Energy by 0.9% in the third quarter. Catalyst Capital Advisors LLC now owns 241,510 shares of the energy company’s stock valued at $15,229,000 after purchasing an additional 2,048 shares during the last quarter. Finally, Soros Fund Management LLC bought a new stake in Cheniere Energy in the third quarter valued at approximately $11,584,000.

Shares of LNG stock opened at $54.98 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $54.46 and a fifty-two week high of $70.60.

In other Cheniere Energy news, CEO Jack A. Fusco bought 8,400 shares of Cheniere Energy stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of $59.90 per share, with a total value of $503,160.00. Following the completion of the purchase, the chief executive officer now owns 619,976 shares of the company’s stock, valued at $37,136,562.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vicky A. Bailey sold 1,933 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $62.28, for a total value of $120,387.24. Following the transaction, the director now directly owns 35,649 shares in the company, valued at $2,220,219.72. The disclosure for this sale can be found here.

Several analysts have weighed in on LNG shares. Royal Bank of Canada started coverage on Cheniere Energy in a research report on Monday, October 21st. They issued an “outperform” rating and a $84.00 price objective for the company. UBS Group started coverage on Cheniere Energy in a research report on Friday, January 3rd. They issued a “buy” rating and a $72.00 price objective for the company. Raymond James upgraded Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $71.00 price objective for the company in a research report on Wednesday, October 23rd. Finally, Morgan Stanley set a $76.00 price objective on Cheniere Energy and gave the company a “hold” rating in a research report on Sunday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.29.

Cheniere Energy Company Profile

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.

Further Reading: Cash Flow

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG).

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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