Public Employees Retirement System of Ohio Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Public Employees Retirement System of Ohio increased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,632 shares of the energy company's stock after purchasing an additional 8,944 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Cheniere Energy were worth $20,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB raised its position in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC raised its position in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $29,000. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $32,000. Finally, Nemes Rush Group LLC increased its position in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LNG. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective on the stock. Morgan Stanley boosted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. TD Cowen boosted their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus target price of $252.23.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Stock Performance

LNG stock traded up $1.55 during midday trading on Wednesday, reaching $233.21. 1,452,016 shares of the company's stock traded hands, compared to its average volume of 1,865,839. Cheniere Energy, Inc. has a 52-week low of $153.03 and a 52-week high of $257.65. The stock has a market cap of $51.72 billion, a P/E ratio of 16.39 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock's 50-day moving average is $227.85 and its 200 day moving average is $223.47.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the prior year, the company posted $2.13 earnings per share. The firm's quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Cheniere Energy 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.