Fifth Third Bancorp Has $8.40 Million Holdings in Cheniere Energy, Inc. $LNG

Fifth Third Bancorp lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 181.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,612 shares of the energy company’s stock after acquiring an additional 19,099 shares during the quarter. Fifth Third Bancorp’s holdings in Cheniere Energy were worth $8,403,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Financial Life Planners bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $27,000. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $26,000. Finally, Valued Wealth Advisors LLC grew its stake in Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock valued at $40,000 after buying an additional 70 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNG shares. Wolfe Research reissued an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Barclays boosted their price objective on Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley lowered their target price on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $297.88.

Cheniere Energy Stock Performance

NYSE:LNG opened at $255.53 on Thursday. The firm’s 50-day moving average is $241.21 and its 200-day moving average is $238.86. The company has a market cap of $53.55 billion, a price-to-earnings ratio of 42.03 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

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.