Truist Financial Corp boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,491 shares of the energy company’s stock after purchasing an additional 5,586 shares during the quarter. Truist Financial Corp’s holdings in Cheniere Energy were worth $5,205,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its holdings in shares of Cheniere Energy by 73.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after buying an additional 631,100 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Cheniere Energy by 702.1% during the third quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after purchasing an additional 429,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after purchasing an additional 367,275 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Cheniere Energy by 126.8% during the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock worth $107,131,000 after acquiring an additional 360,915 shares in the last quarter. Finally, Laurion Capital Management LP raised its position in Cheniere Energy by 107.2% during the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after acquiring an additional 296,687 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on LNG shares. UBS Group dropped their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Barclays upped their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. TD Cowen dropped their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, Redburn Atlantic began coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.90.
Check Out Our Latest Report on LNG
Cheniere Energy Stock Performance
LNG stock opened at $157.54 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The company has a 50-day simple moving average of $157.83. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The firm has a market capitalization of $36.34 billion, a P/E ratio of 7.67 and a beta of 0.95.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue was down 41.8% on a year-over-year basis. During the same quarter last year, the company posted $6.89 earnings per share. On average, analysts forecast that Cheniere Energy, Inc. will post 8.4 EPS for the current year.
Cheniere Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. Cheniere Energy’s payout ratio is 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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Source: defenseworld.net
