Employees Retirement System of Texas Buys 31,408 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Employees Retirement System of Texas grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 423,408 shares of the energy company’s stock after acquiring an additional 31,408 shares during the quarter. Employees Retirement System of Texas owned about 0.18% of Cheniere Energy worth $74,024,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LNG. US Bancorp DE increased its holdings in Cheniere Energy by 23.8% in the 4th quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock valued at $2,527,000 after buying an additional 2,850 shares during the period. Quarry LP raised its position in Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after purchasing an additional 186 shares in the last quarter. V Square Quantitative Management LLC raised its position in Cheniere Energy by 49.3% during the fourth quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock valued at $563,000 after purchasing an additional 1,089 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Cheniere Energy during the fourth quarter worth $163,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Cheniere Energy by 9.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock valued at $4,086,000 after purchasing an additional 2,119 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.6 %

NYSE:LNG opened at $179.60 on Thursday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The firm’s 50 day simple moving average is $180.90 and its 200 day simple moving average is $168.28. The company has a market cap of $40.64 billion, a PE ratio of 8.75 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Cheniere Energy’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.61 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its Board of Directors has authorized a stock repurchase plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LNG shares. Barclays boosted their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen lifted their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.25.

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.