Sumitomo Mitsui Trust Group Inc. Has $121.25 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 515,990 shares of the energy company’s stock after purchasing an additional 4,738 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Cheniere Energy worth $121,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altman Advisors Inc. increased its position in Cheniere Energy by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after buying an additional 44 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Cheniere Energy by 1.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock valued at $768,000 after acquiring an additional 47 shares during the period. Childress Capital Advisors LLC increased its holdings in shares of Cheniere Energy by 0.9% during the third quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock valued at $1,265,000 after acquiring an additional 47 shares in the last quarter. Bailard Inc. raised its position in shares of Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after purchasing an additional 49 shares during the period. Finally, Titleist Asset Management LLC raised its position in shares of Cheniere Energy by 1.5% during the second quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock worth $806,000 after purchasing an additional 50 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LNG. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Thursday, October 30th. Wells Fargo & Company decreased their target price on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Cheniere Energy in a report on Monday, December 29th. Finally, Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $265.24.

Cheniere Energy Stock Up 0.1%

Cheniere Energy stock opened at $193.66 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The firm’s 50-day simple moving average is $200.46 and its 200 day simple moving average is $220.87. The stock has a market cap of $41.68 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 6.21 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.93 EPS. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a dividend of $0.555 per share. The ex-dividend date was Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Insider Activity

In related news, Director W Benjamin Moreland purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.