Public Employees Retirement System of Ohio Has $26.37 Million Position in Cheniere Energy, Inc. $LNG

Public Employees Retirement System of Ohio lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 92,938 shares of the energy company’s stock after selling 5,956 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cheniere Energy were worth $26,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in shares of Cheniere Energy during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $27,000. Strive Financial Group LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the fourth quarter worth $26,000. Finally, Valued Wealth Advisors LLC boosted its holdings in Cheniere Energy by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after purchasing an additional 70 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on LNG shares. TD Cowen increased their target price on shares of Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Jefferies Financial Group boosted their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Barclays increased their price objective on Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, UBS Group set a $290.00 price objective on Cheniere Energy in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $298.88.

Cheniere Energy Price Performance

NYSE LNG opened at $269.27 on Friday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a fifty day simple moving average of $244.52 and a 200 day simple moving average of $242.07. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company has a market cap of $56.43 billion, a P/E ratio of 44.29 and a beta of -0.01.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.