Cheniere Energy, Inc. (NYSE:LNG) Holdings Lifted by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,029 shares of the energy company’s stock after purchasing an additional 446 shares during the quarter. Truist Financial Corp’s holdings in Cheniere Energy were worth $6,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the third quarter valued at $28,000. Adirondack Trust Co. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at $43,000. City Holding Co. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at $50,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Cheniere Energy by 53.3% during the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $220.90 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The business has a 50-day moving average of $223.08 and a two-hundred day moving average of $203.61. The stock has a market capitalization of $49.56 billion, a P/E ratio of 15.52 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Wall Street Analyst Weigh In

A number of research analysts have commented on LNG shares. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley boosted their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.75.

About Cheniere Energy

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.