Truist Financial Corp increased its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,029 shares of the energy company’s stock after purchasing an additional 446 shares during the period. Truist Financial Corp’s holdings in Cheniere Energy were worth $6,237,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in LNG. Ballentine Partners LLC lifted its holdings in shares of Cheniere Energy by 7.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,240 shares of the energy company’s stock worth $763,000 after purchasing an additional 285 shares during the last quarter. BayBridge Capital Group LLC raised its stake in Cheniere Energy by 2.4% during the 3rd quarter. BayBridge Capital Group LLC now owns 6,799 shares of the energy company’s stock valued at $1,223,000 after acquiring an additional 160 shares in the last quarter. Highland Capital Management LLC raised its stake in Cheniere Energy by 394.4% during the 3rd quarter. Highland Capital Management LLC now owns 28,245 shares of the energy company’s stock valued at $5,080,000 after acquiring an additional 22,532 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Cheniere Energy by 9.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock valued at $23,881,000 after acquiring an additional 11,642 shares in the last quarter. Finally, Kavar Capital Partners Group LLC raised its stake in Cheniere Energy by 1.3% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 18,650 shares of the energy company’s stock valued at $3,354,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Stock Performance
Shares of NYSE LNG opened at $220.90 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 15.52 and a beta of 0.98. The stock’s fifty day simple moving average is $223.08 and its 200 day simple moving average is $203.61. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.
Cheniere Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on LNG. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley lifted 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. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus lifted 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. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.75.
Check Out Our Latest Stock Analysis on LNG
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.
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