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% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in Cheniere Energy during the second quarter valued at approximately $26,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy in the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Cheniere Energy in the third quarter worth $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the second quarter valued at $30,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of a number of research analyst reports. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. 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 research report on Tuesday, November 26th. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price objective 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. Finally, 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 note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $216.56.

Cheniere Energy Trading Down 0.6 %

NYSE LNG opened at $212.97 on Wednesday. The firm has a market cap of $47.78 billion, a PE ratio of 13.59 and a beta of 0.97. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10. The stock has a 50-day moving average of $200.98 and a 200-day moving average of $183.85. 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) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.