Resona Asset Management Co. Ltd. Has $16.78 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Cheniere Energy by 6.1% in the first quarter, owning 72,726 shares valued at approximately $16.78 million by the end of the period.
• Cheniere Energy reported a quarterly EPS of $7.30, significantly exceeding analyst estimates of $2.35, with revenues of $4.64 billion for the quarter, marking a 42.8% year-over-year increase.
• The company declared a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 0.9%, with a payout ratio currently at 11.68%.

Resona Asset Management Co. Ltd. boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,726 shares of the energy company's stock after buying an additional 4,198 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Cheniere Energy were worth $16,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Altman Advisors Inc. lifted its holdings in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after purchasing an additional 43 shares during the last quarter. Greenleaf Trust grew its holdings in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after buying an additional 46 shares during the last quarter. Hemington Wealth Management grew its holdings in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after buying an additional 48 shares during the last quarter. BIP Wealth LLC grew its holdings in Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after buying an additional 50 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after buying an additional 52 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Stifel Nicolaus reduced their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and an average target price of $261.93.

Insider Activity at Cheniere Energy

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

Cheniere Energy Price Performance

LNG traded down $2.32 during trading on Friday, hitting $230.31. The company's stock had a trading volume of 1,268,772 shares, compared to its average volume of 2,120,150. The firm's 50 day moving average price is $234.86 and its two-hundred day moving average price is $228.85. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65. The stock has a market capitalization of $50.62 billion, a price-to-earnings ratio of 13.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company posted $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is 11.68%.

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.