Truist Financial Corp Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Truist Financial Corp lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,491 shares of the energy company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Rather & Kittrell Inc. increased its position in shares of Cheniere Energy by 22.5% during the fourth quarter. Rather & Kittrell Inc. now owns 1,498 shares of the energy company’s stock worth $256,000 after acquiring an additional 275 shares during the period. Syon Capital LLC increased its position in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares during the period. Meritage Portfolio Management increased its position in shares of Cheniere Energy by 6.7% during the fourth quarter. Meritage Portfolio Management now owns 140,193 shares of the energy company’s stock worth $23,932,000 after acquiring an additional 8,860 shares during the period. BIP Wealth LLC purchased a new position in Cheniere Energy in the fourth quarter valued at $593,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Cheniere Energy by 5.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,149 shares of the energy company’s stock valued at $1,050,000 after buying an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.9 %

Shares of NYSE:LNG opened at $157.54 on Monday. The firm has a 50-day moving average price of $157.83. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. 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) last issued its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $6.89 earnings per share. The company’s revenue for the quarter was down 41.8% on a year-over-year basis. Analysts expect that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group dropped their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays increased their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.90.

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.