California State Teachers Retirement System Sells 13,021 Shares of Cheniere Energy, Inc. $LNG

California State Teachers Retirement System reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 379,125 shares of the energy company’s stock after selling 13,021 shares during the quarter. California State Teachers Retirement System’s holdings in Cheniere Energy were worth $107,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cheniere Energy in the 4th quarter valued at about $731,774,000. Bank of New York Mellon Corp increased its position in shares of Cheniere Energy by 174.3% in the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after acquiring an additional 1,426,058 shares during the last quarter. Marshall Wace LLP raised its holdings in Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after acquiring an additional 686,459 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock valued at $160,251,000 after purchasing an additional 556,203 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Cheniere Energy by 518.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after purchasing an additional 484,198 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 2.7%

LNG opened at $258.99 on Thursday. The company has a market cap of $54.27 billion, a P/E ratio of 42.60 and a beta of -0.01. 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’s 50 day moving average is $245.08 and its 200-day moving average is $243.64. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s payout ratio is presently 36.51%.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Morgan Stanley lowered their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. UBS Group set a $290.00 target price on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Citigroup upped their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $298.88.

About Cheniere Energy

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.