Cheniere Energy, Inc. (NYSE:LNG) Stake Decreased by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 459,711 shares of the energy company's stock after selling 12,256 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Cheniere Energy worth $78,477,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock worth $29,000 after buying an additional 118 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Cheniere Energy in the 3rd quarter valued at $40,000. Farmers & Merchants Investments Inc. grew its position in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company's stock valued at $57,000 after acquiring an additional 60 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Cheniere Energy by 133.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the energy company's stock worth $58,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LNG. Barclays lifted their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research report on Wednesday, January 17th. TD Cowen reduced 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. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. Redburn Atlantic began coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a "neutral" rating and a $162.00 target price on the stock. Finally, UBS Group lowered their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a "buy" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $193.90.

Cheniere Energy Stock Up 1.2 %

LNG traded up $1.94 during trading on Thursday, hitting $159.36. The company's stock had a trading volume of 1,466,091 shares, compared to its average volume of 1,892,496. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46. The business's fifty day simple moving average is $157.95. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts' consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $15.78 EPS. The business's revenue for the quarter was down 46.9% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. Cheniere Energy's dividend payout ratio (DPR) is 4.30%.

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.