Public Employees Retirement Association of Colorado Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,614 shares of the energy company’s stock after selling 1,535 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cheniere Energy were worth $6,578,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB increased its holdings in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC boosted its stake in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth about $29,000. Nemes Rush Group LLC boosted its stake in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after purchasing an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the 4th quarter worth about $43,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.9 %

Shares of NYSE LNG opened at $237.71 on Tuesday. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The company has a market cap of $52.97 billion, a P/E ratio of 16.70 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a fifty day moving average price of $222.33 and a 200 day moving average price of $217.02.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LNG. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $249.08.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Cheniere Energy 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.