Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,491 shares of the energy company's stock after purchasing an additional 5,586 shares during the period. Truist Financial Corp's holdings in Cheniere Energy were worth $5,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LNG. Farmers & Merchants Investments Inc. lifted its stake in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company's stock worth $57,000 after acquiring an additional 60 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company's stock valued at $1,033,000 after purchasing an additional 64 shares in the last quarter. Xcel Wealth Management LLC lifted its holdings in Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company's stock worth $335,000 after buying an additional 65 shares in the last quarter. Winch Advisory Services LLC grew its stake in shares of Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company's stock worth $107,000 after acquiring an additional 66 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in shares of Cheniere Energy by 3.1% during the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company's stock worth $373,000 after acquiring an additional 66 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of several analyst reports. TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating for the company in a research note on Tuesday, February 27th. Redburn Atlantic started coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They issued a "neutral" rating and a $162.00 target price on the stock. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. UBS Group dropped their target price on Cheniere Energy from $223.00 to $206.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Finally, Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.40.

Cheniere Energy Stock Down 0.5 %

NYSE:LNG traded down $0.73 during mid-day trading on Monday, reaching $156.81. 2,686,896 shares of the stock were exchanged, compared to its average volume of 1,950,025. The firm has a market capitalization of $36.17 billion, a PE ratio of 7.64 and a beta of 0.95. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a 50 day moving average of $157.87. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. Cheniere Energy's revenue was down 41.8% compared to the same quarter last year. During the same period in the previous year, the company posted $6.89 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a yield of 1.11%. Cheniere Energy's dividend payout ratio is presently 8.48%.

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.