Fifth Third Bancorp Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Fifth Third Bancorp lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 486.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,068 shares of the energy company's stock after purchasing an additional 7,521 shares during the period. Fifth Third Bancorp's holdings in Cheniere Energy were worth $2,098,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WR Wealth Planners LLC increased its stake in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the last quarter. REAP Financial Group LLC grew its stake in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $32,000. Finally, Ameriflex Group Inc. purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.23.

Cheniere Energy Stock Up 1.3%

Shares of NYSE:LNG opened at $237.99 on Friday. Cheniere Energy, Inc. has a 52-week low of $154.82 and a 52-week high of $257.65. The firm has a fifty day moving average of $231.58 and a 200 day moving average of $225.26. The firm has a market capitalization of $52.78 billion, a PE ratio of 16.72 and a beta of 0.43. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were 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 directly owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

Cheniere Energy 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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