abrdn plc Has $126.37 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

abrdn plc grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 740,237 shares of the energy company's stock after purchasing an additional 88,893 shares during the period. abrdn plc owned approximately 0.31% of Cheniere Energy worth $126,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. HHM Wealth Advisors LLC purchased a new position in Cheniere Energy in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Cheniere Energy in the 1st quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock valued at $29,000 after purchasing an additional 118 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Cheniere Energy by 48.1% during the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company's stock worth $45,000 after buying an additional 89 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 1.0 %

NYSE LNG traded up $1.54 during trading hours on Friday, hitting $161.97. The company had a trading volume of 1,994,574 shares, compared to its average volume of 1,517,348. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The company has a market cap of $37.36 billion, a price-to-earnings ratio of 4.00 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The business has a fifty day moving average of $158.09.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business posted $15.78 EPS. Cheniere Energy's revenue was down 46.9% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy's dividend payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Monday, April 8th. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research report on Tuesday. They set a "neutral" rating and a $162.00 price target on the stock. TD Cowen lowered their price objective on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating for the company in a report on Tuesday, February 27th. Finally, Barclays upped their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.30.

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.