California State Teachers Retirement System Sells 50,553 Shares of Cheniere Energy, Inc. (NYSE:LNG)

California State Teachers Retirement System lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 445,365 shares of the energy company's stock after selling 50,553 shares during the quarter. California State Teachers Retirement System owned 0.20% of Cheniere Energy worth $95,696,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new stake in Cheniere Energy in the 4th quarter worth $2,127,000. Fractal Investments LLC grew its stake in shares of Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock worth $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. purchased a new position in Cheniere Energy during the 4th quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $4,455,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on LNG. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Mizuho increased their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and a consensus target price of $251.46.

Cheniere Energy Stock Up 2.4 %

Shares of NYSE LNG traded up $5.45 during trading on Friday, reaching $235.94. The company had a trading volume of 1,707,396 shares, compared to its average volume of 1,867,047. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business's 50-day moving average is $222.97 and its 200 day moving average is $217.55. The stock has a market cap of $52.57 billion, a PE ratio of 16.58 and a beta of 0.67.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy's payout ratio is currently 14.05%.

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.