California Public Employees Retirement System Sells 38,579 Shares of Cheniere Energy, Inc. $LNG

California Public Employees Retirement System cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 527,345 shares of the energy company’s stock after selling 38,579 shares during the period. California Public Employees Retirement System owned about 0.24% of Cheniere Energy worth $128,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Brighton Jones LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $335,000. New Age Alpha Advisors LLC grew its stake in shares of Cheniere Energy by 64.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 364 shares of the energy company’s stock valued at $84,000 after acquiring an additional 142 shares during the period. Atria Wealth Solutions Inc. increased its holdings in Cheniere Energy by 10.3% in the 1st quarter. Atria Wealth Solutions Inc. now owns 7,734 shares of the energy company’s stock worth $1,790,000 after acquiring an additional 720 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cheniere Energy by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,056,066 shares of the energy company’s stock worth $244,374,000 after acquiring an additional 76,365 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cheniere Energy by 7.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,119 shares of the energy company’s stock worth $41,911,000 after acquiring an additional 12,668 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $205.56 on Monday. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 5.39 and a beta of 0.26. The firm has a fifty day moving average price of $217.10 and a 200 day moving average price of $229.02. Cheniere Energy, Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the company earned $3.93 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 7th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LNG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. BMO Capital Markets assumed coverage on Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target for the company. Finally, Scotiabank decreased their price target on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $268.47.

Insider Buying and Selling

In other news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

About Cheniere Energy

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.