Teacher Retirement System of Texas Cuts Stock Holdings in Cheniere Energy, Inc. $LNG

Teacher Retirement System of Texas decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,912 shares of the energy company’s stock after selling 5,199 shares during the period. Teacher Retirement System of Texas’ holdings in Cheniere Energy were worth $25,061,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LNG. Kingstone Capital Partners Texas LLC purchased a new position in shares of Cheniere Energy during the second quarter valued at approximately $384,806,000. Nuveen LLC purchased a new position in Cheniere Energy in the first quarter worth $294,793,000. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after purchasing an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after purchasing an additional 504,960 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $219.84 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52-week low of $181.59 and a 52-week high of $257.65. The firm has a market cap of $48.31 billion, a price-to-earnings ratio of 12.83 and a beta of 0.37. The business’s fifty day moving average is $232.90 and its 200 day moving average is $233.42.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company posted $3.84 EPS. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

LNG has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $267.67.

Cheniere Energy Company 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.