PNC Financial Services Group Inc. boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,866 shares of the energy company’s stock after acquiring an additional 339 shares during the period. PNC Financial Services Group Inc.’s holdings in Cheniere Energy were worth $2,196,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of LNG. Mutual Advisors LLC increased its stake in shares of Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares during the period. Xcel Wealth Management LLC increased its stake in shares of Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after purchasing an additional 65 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after purchasing an additional 66 shares during the period. Syon Capital LLC increased its stake in shares of Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares during the period. Finally, Montag A & Associates Inc. increased its stake in shares of Cheniere Energy by 13.1% in the fourth quarter. Montag A & Associates Inc. now owns 654 shares of the energy company’s stock valued at $112,000 after purchasing an additional 76 shares during the period. Institutional investors own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on LNG. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. TD Cowen lowered their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, UBS Group lowered their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $198.00.
Check Out Our Latest Research Report on Cheniere Energy
Cheniere Energy Stock Performance
Cheniere Energy stock opened at $156.98 on Monday. The business has a 50 day moving average price of $158.49. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. The firm has a market cap of $35.93 billion, a price-to-earnings ratio of 7.65 and a beta of 0.95.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $6.89 EPS. The company’s revenue for the quarter was down 41.8% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 8.42 earnings per share for the current fiscal year.
Cheniere Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.
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.
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