Sumitomo Mitsui Trust Holdings Inc. Trims Position in Cheniere Energy, Inc. (NYSE:LNG)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 602,597 shares of the energy company’s stock after selling 50,916 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Cheniere Energy worth $97,187,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Cheniere Energy by 81.7% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 23,964 shares of the energy company’s stock worth $3,865,000 after purchasing an additional 10,775 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Cheniere Energy by 449.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 150,501 shares of the energy company’s stock worth $24,273,000 after purchasing an additional 123,105 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Cheniere Energy by 22.5% during the first quarter. Hexagon Capital Partners LLC now owns 631 shares of the energy company’s stock worth $102,000 after purchasing an additional 116 shares in the last quarter. Trilogy Capital Inc. purchased a new position in shares of Cheniere Energy during the first quarter worth about $436,000. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Cheniere Energy during the first quarter worth about $1,355,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $174.08 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a fifty-two week low of $148.57 and a fifty-two week high of $183.46. The company has a 50 day moving average of $160.28. The company has a market capitalization of $39.85 billion, a P/E ratio of 8.48 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last announced 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). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm posted $6.89 EPS. The business’s revenue for the quarter was down 41.8% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 8.33 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be given a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 1.00%. Cheniere Energy’s payout ratio is currently 8.48%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group cut their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, TD Cowen upped their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $198.64.

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.