SouthState Corp Purchases 1,245 Shares of Cheniere Energy, Inc. (NYSE:LNG)

SouthState Corp boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,970 shares of the energy company's stock after acquiring an additional 1,245 shares during the quarter. SouthState Corp's holdings in Cheniere Energy were worth $5,580,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LNG. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock valued at $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Wellington Management Group LLP lifted its stake in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock valued at $673,927,000 after acquiring an additional 1,789,919 shares during the last quarter. Amundi grew its stake in shares of Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after acquiring an additional 448,189 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company's stock worth $322,631,000 after acquiring an additional 178,318 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Cheniere Energy Price Performance

Cheniere Energy stock traded up $3.25 during mid-day trading on Thursday, hitting $230.52. The stock had a trading volume of 1,439,634 shares, compared to its average volume of 1,743,534. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $51.56 billion, a P/E ratio of 16.20 and a beta of 0.94. The firm's 50 day moving average is $224.88 and its 200 day moving average is $208.31.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

LNG has been the topic of several research reports. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday. They issued a "buy" rating and a $255.00 target price on the stock. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Stifel Nicolaus increased their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

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.