New York State Common Retirement Fund Sells 50,578 Shares of Cheniere Energy, Inc. (NYSE:LNG)

New York State Common Retirement Fund decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,260 shares of the energy company’s stock after selling 50,578 shares during the period. New York State Common Retirement Fund owned about 0.08% of Cheniere Energy worth $32,650,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group lowered their price objective 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 decreased their price target 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. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Barclays increased their price target 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $159.53 on Friday. The stock has a fifty day moving average price of $157.98. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $36.80 billion, a PE ratio of 3.94 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46.

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

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.