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

California Public Employees Retirement System lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,889 shares of the energy company's stock after selling 4,597 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Cheniere Energy worth $123,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Schroder Investment Management Group boosted its holdings in shares of Cheniere Energy by 20.6% in the fourth quarter. Schroder Investment Management Group now owns 29,285 shares of the energy company's stock valued at $6,292,000 after buying an additional 5,009 shares during the period. American Money Management LLC boosted its stake in Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after purchasing an additional 55 shares during the period. L & S Advisors Inc bought a new position in Cheniere Energy during the 4th quarter worth about $3,334,000. Allianz SE bought a new position in Cheniere Energy during the 4th quarter worth about $247,000. Finally, Hobbs Group Advisors LLC raised its stake in shares of Cheniere Energy by 6.5% in the 4th quarter. Hobbs Group Advisors LLC now owns 2,951 shares of the energy company's stock valued at $634,000 after purchasing an additional 181 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG traded down $0.80 during mid-day trading on Tuesday, reaching $230.60. The company's stock had a trading volume of 1,450,443 shares, compared to its average volume of 1,817,525. 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 has a market cap of $51.58 billion, a P/E ratio of 16.20 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The business has a 50-day simple moving average of $222.74 and a two-hundred day simple moving average of $211.68.

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Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations 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 research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy's dividend payout ratio 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LNG shares. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, TD Cowen boosted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.79.

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.