Maryland State Retirement & Pension System Has $41.92 Million Stock Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Maryland State Retirement & Pension System increased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,124 shares of the energy company’s stock after purchasing an additional 911 shares during the quarter. Cheniere Energy makes up approximately 0.9% of Maryland State Retirement & Pension System’s holdings, making the stock its 17th biggest holding. Maryland State Retirement & Pension System owned approximately 0.11% of Cheniere Energy worth $41,918,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bornite Capital Management LP bought a new position in Cheniere Energy in the 1st quarter valued at $13,865,000. MetLife Investment Management LLC acquired a new position in Cheniere Energy during the 1st quarter worth about $2,102,000. Yousif Capital Management LLC grew its holdings in Cheniere Energy by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock worth $703,000 after acquiring an additional 345 shares during the last quarter. Raymond James Trust N.A. increased its position in Cheniere Energy by 95.0% in the 1st quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock valued at $589,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Cheniere Energy by 22.8% in the first quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock worth $594,000 after acquiring an additional 797 shares during the last quarter. 85.86% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 1.3 %

Shares of NYSEAMERICAN:LNG opened at $163.46 on Friday. The firm has a market cap of $39.33 billion, a price-to-earnings ratio of 4.81, a PEG ratio of 0.33 and a beta of 1.02. Cheniere Energy, Inc. has a 12 month low of $135.00 and a 12 month high of $182.35. The company’s fifty day simple moving average is $153.15 and its 200 day simple moving average is $152.24. The company has a quick ratio of 1.25, a current ratio of 1.33 and a debt-to-equity ratio of 3.60.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $5.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $2.80. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.25 billion. Cheniere Energy had a return on equity of 481.80% and a net margin of 28.47%. The company’s revenue for the quarter was down 48.8% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS. As a group, research analysts forecast that Cheniere Energy, Inc. will post 16.65 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th were issued a $0.395 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.97%. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.65%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNG. Mizuho dropped their target price on Cheniere Energy from $200.00 to $187.00 in a research report on Thursday, June 22nd. Wells Fargo & Company dropped their price objective on Cheniere Energy from $230.00 to $222.00 in a report on Tuesday, August 8th. Bank of America raised their target price on shares of Cheniere Energy from $172.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday. Capital One Financial started coverage on shares of Cheniere Energy in a research note on Wednesday, September 6th. They set an “overweight” rating and a $200.00 price target for the company. Finally, StockNews.com initiated coverage on shares of Cheniere Energy in a research note on Saturday, August 19th. They issued a “strong-buy” rating on the stock. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and an average price target of $199.62.

Cheniere Energy 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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.