Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,061 shares of the energy company’s stock after selling 5,620 shares during the quarter. California State Teachers Retirement System’s holdings in Cheniere Energy were worth $67,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of Cheniere Energy by 16.0% in the 2nd quarter. Rhumbline Advisers now owns 251,472 shares of the energy company’s stock valued at $33,453,000 after purchasing an additional 34,718 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cheniere Energy by 17.7% in the second quarter. JPMorgan Chase & Co. now owns 4,030,116 shares of the energy company’s stock valued at $536,126,000 after buying an additional 606,893 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Cheniere Energy by 81.7% in the third quarter. Ieq Capital LLC now owns 4,418 shares of the energy company’s stock valued at $733,000 after buying an additional 1,987 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Cheniere Energy in the second quarter valued at approximately $763,000. Finally, Atria Investments LLC boosted its stake in shares of Cheniere Energy by 51.2% in the second quarter. Atria Investments LLC now owns 23,801 shares of the energy company’s stock valued at $3,166,000 after buying an additional 8,060 shares in the last quarter. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LNG shares. Scotiabank started coverage on Cheniere Energy in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 price target on the stock. Cowen decreased their price target on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, January 20th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of Cheniere Energy in a research note on Tuesday, November 22nd. Mizuho lifted their price target on Cheniere Energy from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Finally, Wells Fargo & Company reduced their price objective on Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, March 7th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $201.62.

Insider Transactions at Cheniere Energy

In other news, Director Vicky A. Bailey sold 2,700 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total value of $382,050.00. Following the completion of the transaction, the director now directly owns 33,862 shares of the company’s stock, valued at $4,791,473. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Cheniere Energy Stock Performance

NYSEAMERICAN LNG opened at $146.88 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $182.35. The firm has a market capitalization of $36.52 billion, a PE ratio of -9.62 and a beta of 1.00. The business has a fifty day moving average of $154.47.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 earnings per share for the quarter, topping analysts’ consensus estimates of $7.08 by $8.70. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The company had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the previous year, the firm posted ($5.22) earnings per share. The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. As a group, analysts forecast that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Tuesday, February 7th were issued a $0.395 dividend. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio (DPR) is -10.35%.

Cheniere Energy Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.