New York State Common Retirement Fund Cuts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

New York State Common Retirement Fund lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 20.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 191,260 shares of the energy company’s stock after selling 50,578 shares during the period. New York State Common Retirement Fund’s holdings in Cheniere Energy were worth $32,650,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LNG. HHM Wealth Advisors LLC purchased a new stake in Cheniere Energy during the 3rd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. grew its position in Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Cheniere Energy during the 3rd quarter worth approximately $40,000. Farmers & Merchants Investments Inc. grew its position in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after purchasing an additional 60 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Cheniere Energy by 133.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.3 %

LNG opened at $159.53 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $36.80 billion, a P/E ratio of 3.94 and a beta of 0.94. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The firm’s fifty day moving average is $157.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue was down 46.9% compared to the same quarter last year. During the same period last year, the firm posted $15.78 earnings per share. On average, research analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. UBS Group decreased their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday. TD Cowen decreased their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Barclays lifted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.90.

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.