California Public Employees Retirement System Has $123.10 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

California Public Employees Retirement System lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 572,889 shares of the energy company’s stock after selling 4,597 shares during the quarter. California Public Employees Retirement System owned 0.26% of Cheniere Energy worth $123,097,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Norges Bank bought a new position in Cheniere Energy during the fourth quarter worth about $629,197,000. Amundi grew its stake in Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock valued at $606,907,000 after acquiring an additional 448,189 shares during the period. TD Asset Management Inc. increased its holdings in shares of Cheniere Energy by 5.2% in the fourth quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company’s stock worth $395,788,000 after acquiring an additional 91,554 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after purchasing an additional 631,787 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on LNG shares. Barclays boosted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group restated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Stifel Nicolaus upped their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Stock Performance

LNG opened at $226.16 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The business has a 50 day moving average of $223.55 and a 200-day moving average of $210.94. The stock has a market cap of $50.58 billion, a price-to-earnings ratio of 15.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Cheniere Energy Company Profile

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.