abrdn plc Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

abrdn plc increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 740,237 shares of the energy company’s stock after acquiring an additional 88,893 shares during the period. abrdn plc’s holdings in Cheniere Energy were worth $126,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cheniere Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company’s stock worth $2,957,460,000 after buying an additional 223,024 shares during the period. State Street Corp boosted its position in shares of Cheniere Energy by 13.6% during the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock worth $961,421,000 after buying an additional 830,898 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Cheniere Energy by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after buying an additional 220,802 shares during the period. Morgan Stanley boosted its position in shares of Cheniere Energy by 19.4% during the fourth quarter. Morgan Stanley now owns 3,542,925 shares of the energy company’s stock worth $531,297,000 after buying an additional 576,067 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Cheniere Energy by 2.2% during the first quarter. Geode Capital Management LLC now owns 3,363,669 shares of the energy company’s stock worth $529,389,000 after buying an additional 71,466 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.0 %

Cheniere Energy stock traded up $1.54 during midday trading on Friday, reaching $161.97. The company’s stock had a trading volume of 1,994,574 shares, compared to its average volume of 1,517,348. The stock’s 50-day moving average is $158.09. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The stock has a market cap of $37.36 billion, a P/E ratio of 4.00 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the firm earned $15.78 earnings per share. The business’s revenue was down 46.9% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Barclays increased 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. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Redburn Atlantic began coverage on Cheniere Energy in a research note on Tuesday. They issued a “neutral” rating and a $162.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.30.

About Cheniere Energy

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.