New York State Common Retirement Fund Increases Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by on Apr 14th, 2023

New York State Common Retirement Fund grew its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,721 shares of the energy company’s stock after purchasing an additional 6,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Cheniere Energy worth $41,047,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Activest Wealth Management purchased a new stake in Cheniere Energy in the 3rd quarter worth about $25,000. Optimum Investment Advisors increased its holdings in Cheniere Energy by 133.3% in the 4th quarter. Optimum Investment Advisors now owns 175 shares of the energy company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in Cheniere Energy in the 4th quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new stake in Cheniere Energy in the 3rd quarter worth about $36,000. Finally, Lumature Wealth Partners LLC purchased a new stake in Cheniere Energy in the 3rd quarter worth about $37,000. 84.25% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.3 %

Shares of LNG opened at $152.48 on Friday. The company has a market cap of $37.92 billion, a P/E ratio of -9.99 and a beta of 1.00. The firm’s 50-day simple moving average is $155.29. Cheniere Energy, Inc. has a 12-month low of $120.09 and a 12-month high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The energy company reported $15.78 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $8.70. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. Cheniere Energy’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same period last year, the firm posted ($5.22) EPS. On average, equities research analysts expect that Cheniere Energy, Inc. will post -7.54 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Tuesday, February 7th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.04%. Cheniere Energy’s dividend payout ratio is -10.35%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, March 7th. Citigroup cut their target price on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, January 9th. Scotiabank assumed coverage on Cheniere Energy in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 target price for the company. Barclays cut their target price on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Friday, January 13th. Finally, Mizuho raised their target price on Cheniere Energy from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $201.69.

Cheniere Energy Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.

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

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