Lincoln National Corp Has $203,000 Stock Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by Defense World Staff on May 12th, 2023

Lincoln National Corp lessened its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 38.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,352 shares of the energy company’s stock after selling 836 shares during the quarter. Lincoln National Corp’s holdings in Cheniere Energy were worth $203,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. AIA Group Ltd acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $106,000. Highland Capital Management LLC raised its position in Cheniere Energy by 22.4% during the 4th quarter. Highland Capital Management LLC now owns 9,489 shares of the energy company’s stock worth $1,423,000 after purchasing an additional 1,734 shares during the last quarter. Ieq Capital LLC raised its position in Cheniere Energy by 81.7% during the 3rd quarter. Ieq Capital LLC now owns 4,418 shares of the energy company’s stock worth $733,000 after purchasing an additional 1,987 shares during the last quarter. Kestra Advisory Services LLC raised its position in Cheniere Energy by 52.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,754 shares of the energy company’s stock worth $2,780,000 after purchasing an additional 5,746 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in Cheniere Energy during the 4th quarter worth $430,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of several analyst reports. Scotiabank initiated coverage on Cheniere Energy in a research report on Thursday, March 2nd. They set a “sector outperform” rating and a $194.00 target price for the company. Raymond James lowered their price objective on Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research report on Friday, April 21st. Mizuho lifted their price objective on Cheniere Energy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. StockNews.com upgraded Cheniere Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 4th. Finally, Barclays cut their price target on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Friday, January 13th. Ten investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $201.31.

Cheniere Energy Stock Down 0.9 %

LNG stock opened at $147.00 on Friday. The business has a 50 day moving average of $153.03 and a 200-day moving average of $155.92. Cheniere Energy, Inc. has a 12-month low of $120.09 and a 12-month high of $182.35. The firm has a market cap of $35.79 billion, a PE ratio of 25.65, a P/E/G ratio of 0.30 and a beta of 1.01.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The energy company reported $15.78 earnings per share for the quarter, beating the consensus estimate of $4.89 by $10.89. Cheniere Energy had a negative return on equity of 488.45% and a net margin of 4.27%. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.72 billion. On average, research analysts expect that Cheniere Energy, Inc. will post 16.23 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Wednesday, May 10th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is 27.57%.

Cheniere Energy Company Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.