Public Employees Retirement System of Ohio Sells 2,535 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Public Employees Retirement System of Ohio reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,688 shares of the energy company's stock after selling 2,535 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Cheniere Energy were worth $15,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock valued at $978,047,000 after acquiring an additional 167,575 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock valued at $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock valued at $566,956,000 after purchasing an additional 273,588 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Cheniere Energy by 7.4% in the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock worth $510,825,000 after purchasing an additional 202,097 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LNG shares. TD Cowen increased their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target on the stock. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $216.56.

Cheniere Energy Trading Up 1.1 %

Shares of LNG stock traded up $2.37 during trading hours on Wednesday, reaching $215.20. 1,761,196 shares of the stock were exchanged, compared to its average volume of 1,765,886. The firm has a market capitalization of $48.28 billion, a price-to-earnings ratio of 13.75 and a beta of 0.97. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $228.10. The company's 50-day moving average price is $201.61 and its 200-day moving average price is $184.24. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

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.