Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $96.69 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 16.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 340,728 shares of the energy company’s stock after selling 66,668 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cheniere Energy were worth $96,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Viking Fund Management LLC grew its stake in shares of Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after purchasing an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC raised its position in Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after purchasing an additional 15,927 shares during the last quarter. J. Safra Sarasin Holding AG lifted its holdings in Cheniere Energy by 227.7% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after buying an additional 10,774 shares during the period. Generate Investment Management Ltd bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $10,691,000. Finally, Lewis Asset Management LLC grew its position in shares of Cheniere Energy by 127.4% in the 4th quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock valued at $1,701,000 after buying an additional 4,903 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LNG. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target for the company. Wall Street Zen cut Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Jefferies Financial Group increased their target price on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Citigroup boosted their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $297.71.

Get Our Latest Stock Analysis on LNG

Cheniere Energy News Roundup

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Trading Down 1.0%

Shares of LNG stock traded down $2.72 during mid-day trading on Friday, hitting $258.57. The company’s stock had a trading volume of 1,469,698 shares, compared to its average volume of 2,215,278. The company has a market cap of $54.18 billion, a PE ratio of 42.53 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The company’s fifty day simple moving average is $241.65 and its 200-day simple moving average is $237.03. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s payout ratio is 36.51%.

About Cheniere Energy

(Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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