Public Sector Pension Investment Board Has $40.88 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Public Sector Pension Investment Board decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,835 shares of the energy company’s stock after selling 2,994 shares during the period. Public Sector Pension Investment Board owned 0.10% of Cheniere Energy worth $40,881,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Cheniere Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock worth $3,845,958,000 after acquiring an additional 151,311 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares during the last quarter. Pacer Advisors Inc. lifted its position in Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after buying an additional 240,427 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Cowen lifted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Barclays upped their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Down 0.8 %

Shares of Cheniere Energy stock opened at $180.66 on Monday. The company has a market capitalization of $41.36 billion, a P/E ratio of 8.80 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The business has a 50-day moving average of $180.76 and a two-hundred day moving average of $167.90. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the business earned $5.61 EPS. Cheniere Energy’s revenue for the quarter was down 19.6% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its Board of Directors has initiated a share buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.