Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Posted by on Jul 16th, 2023

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 670,284 shares of the energy company’s stock after selling 4,835 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Cheniere Energy worth $105,637,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $13,865,000. MetLife Investment Management LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $2,102,000. Yousif Capital Management LLC raised its stake in shares of Cheniere Energy by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock worth $703,000 after buying an additional 345 shares during the period. Raymond James Trust N.A. raised its stake in shares of Cheniere Energy by 95.0% during the 1st quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock worth $589,000 after buying an additional 2,068 shares during the period. Finally, Cibc World Market Inc. raised its stake in shares of Cheniere Energy by 22.8% during the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock worth $594,000 after buying an additional 797 shares during the period. 83.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNG shares. Royal Bank of Canada reduced their target price on Cheniere Energy from $205.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Raymond James reduced their price objective on Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Friday, April 21st. Mizuho reduced their price objective on Cheniere Energy from $200.00 to $187.00 in a research note on Thursday, June 22nd. TheStreet raised Cheniere Energy from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Finally, StockNews.com initiated coverage on Cheniere Energy in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. Ten investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Buy” and an average price target of $201.00.

Cheniere Energy Stock Down 2.2 %

Shares of NYSEAMERICAN:LNG opened at $153.90 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.43 and a debt-to-equity ratio of 4.40. The business has a fifty day moving average of $149.92 and a two-hundred day moving average of $152.76. The stock has a market cap of $37.39 billion, a P/E ratio of 4.93, a PEG ratio of 0.34 and a beta of 1.01. Cheniere Energy, Inc. has a 52-week low of $122.18 and a 52-week high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The energy company reported $6.89 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.93. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Cheniere Energy had a negative return on equity of 13,004.16% and a net margin of 23.24%. On average, research analysts expect that Cheniere Energy, Inc. will post 15.03 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 17th. Stockholders of record on Wednesday, May 10th were issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, May 9th. Cheniere Energy’s dividend payout ratio is presently 5.06%.

Cheniere Energy Company Profile

(Free Report)

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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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