Covea Finance Has $19.46 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Covea Finance decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,100 shares of the energy company's stock after selling 37,300 shares during the quarter. Covea Finance's holdings in Cheniere Energy were worth $19,461,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LNG. Brighton Jones LLC acquired a new position in Cheniere Energy during the 4th quarter worth $335,000. CIBC Asset Management Inc lifted its holdings in Cheniere Energy by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,170 shares of the energy company's stock worth $3,474,000 after buying an additional 673 shares in the last quarter. Truist Financial Corp lifted its holdings in Cheniere Energy by 1.6% during the 4th quarter. Truist Financial Corp now owns 29,029 shares of the energy company's stock worth $6,237,000 after buying an additional 446 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Cheniere Energy by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 9,964 shares of the energy company's stock worth $2,141,000 after buying an additional 619 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Cheniere Energy by 1,217.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,304 shares of the energy company's stock worth $280,000 after buying an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank reduced their price objective on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. TD Cowen upped their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Bank of America upped their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Price Performance

LNG opened at $234.72 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a 12 month low of $163.00 and a 12 month high of $257.65. The company has a fifty day simple moving average of $233.61 and a 200 day simple moving average of $225.66. The stock has a market cap of $52.06 billion, a P/E ratio of 17.17, a P/E/G ratio of 4.90 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now owns 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

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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