Maryland State Retirement & Pension System Sells 7,167 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Maryland State Retirement & Pension System reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,000 shares of the energy company's stock after selling 7,167 shares during the quarter. Cheniere Energy accounts for about 0.9% of Maryland State Retirement & Pension System's holdings, making the stock its 20th biggest holding. Maryland State Retirement & Pension System owned approximately 0.09% of Cheniere Energy worth $42,329,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in Cheniere Energy in the fourth quarter valued at about $2,127,000. Fractal Investments LLC raised its position in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new position in Cheniere Energy in the fourth quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in Cheniere Energy in the fourth quarter valued at about $4,455,000. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

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Cheniere Energy Trading Down 1.3 %

NYSE LNG traded down $2.99 during trading hours on Friday, hitting $227.24. 2,394,650 shares of the company's stock were exchanged, compared to its average volume of 1,747,428. The stock has a 50-day simple moving average of $225.03 and a 200 day simple moving average of $208.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The firm has a market cap of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Analysts Set New Price Targets

Several equities analysts have commented on LNG shares. Morgan Stanley increased their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Argus started coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target for the company. Stifel Nicolaus increased their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

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 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.