California Public Employees Retirement System Sells 12,256 Shares of Cheniere Energy, Inc. (NYSE:LNG)

California Public Employees Retirement System decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 459,711 shares of the energy company’s stock after selling 12,256 shares during the quarter. California Public Employees Retirement System’s holdings in Cheniere Energy were worth $78,477,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new position in Cheniere Energy in the 3rd quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after acquiring an additional 118 shares in the last quarter. OFI Invest Asset Management bought a new position in Cheniere Energy in the 3rd quarter valued at about $40,000. Farmers & Merchants Investments Inc. lifted its position in Cheniere Energy by 21.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after acquiring an additional 60 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in Cheniere Energy by 133.3% in the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock valued at $58,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.0 %

Shares of LNG stock opened at $157.36 on Thursday. The business’s 50 day moving average is $157.95. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The stock has a market cap of $36.30 billion, a price-to-earnings ratio of 3.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the business posted $15.78 EPS. Cheniere Energy’s quarterly revenue was down 46.9% compared to the same quarter last year. As a group, equities analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. Cheniere Energy’s payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen dropped their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Barclays lifted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.90.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.