California State Teachers Retirement System Purchases 50,194 Shares of Cheniere Energy, Inc. $LNG

California State Teachers Retirement System grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,319 shares of the energy company's stock after acquiring an additional 50,194 shares during the quarter. California State Teachers Retirement System owned about 0.21% of Cheniere Energy worth $102,611,534 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Financial Life Planners acquired a new position in shares of Cheniere Energy during the first quarter worth $26,000. Community Financial Services Group LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $29,000. Transamerica Financial Advisors LLC boosted its stake in shares of Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after purchasing an additional 63 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth about $35,000. Finally, Optiver Holding B.V. boosted its holdings in Cheniere Energy by 54.5% in the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock worth $39,000 after purchasing an additional 48 shares during the period. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price target on Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Wolfe Research restated an "outperform" rating and set a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Weiss Ratings raised shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Finally, Zacks Research cut shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.65.

Cheniere Energy Trading Down 0.7%

NYSE:LNG traded down $2.03 on Tuesday, hitting $272.25. 629,259 shares of the stock were exchanged, compared to its average volume of 2,374,647. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The stock has a market capitalization of $56.23 billion and a price-to-earnings ratio of 20.28. The company's 50-day moving average price is $270.29 and its 200 day moving average price is $258.42. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business's revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.30 EPS. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 16.31 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's payout ratio is currently 16.53%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

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