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

Public Employees Retirement System of Ohio lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in shares of Cheniere Energy by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 79,135 shares of the energy company’s stock valued at $14,232,000 after buying an additional 9,419 shares during the period. Raab & Moskowitz Asset Management LLC grew its holdings in shares of Cheniere Energy by 455.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 6,388 shares of the energy company’s stock worth $1,149,000 after acquiring an additional 5,238 shares during the period. MML Investors Services LLC raised its position in shares of Cheniere Energy by 16.0% in the 3rd quarter. MML Investors Services LLC now owns 48,124 shares of the energy company’s stock worth $8,655,000 after acquiring an additional 6,640 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Cheniere Energy by 3.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,062 shares of the energy company’s stock valued at $2,529,000 after purchasing an additional 470 shares during the period. Finally, Yaupon Capital Management LP purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $14,280,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. TD Cowen lifted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group upped their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $216.56.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $212.97 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $228.10. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a 50 day moving average price of $200.98 and a 200-day moving average price of $183.85. The company has a market capitalization of $47.78 billion, a PE ratio of 13.59 and a beta of 0.97.

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

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.