SouthState Bank Corp Has $10.70 Million Holdings in Cheniere Energy, Inc. $LNG

SouthState Bank Corp grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,712 shares of the energy company’s stock after acquiring an additional 2,554 shares during the quarter. SouthState Bank Corp’s holdings in Cheniere Energy were worth $10,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Opinicus Capital Inc. acquired a new stake in Cheniere Energy in the 1st quarter valued at $438,000. Sigma Planning Corp raised its holdings in Cheniere Energy by 30.5% during the first quarter. Sigma Planning Corp now owns 4,253 shares of the energy company’s stock worth $1,207,000 after buying an additional 995 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in Cheniere Energy by 7.1% during the first quarter. Checchi Capital Advisers LLC now owns 1,603 shares of the energy company’s stock worth $455,000 after buying an additional 106 shares during the last quarter. Avantax Planning Partners Inc. bought a new position in shares of Cheniere Energy in the first quarter valued at $225,000. Finally, Evernest Financial Advisors LLC lifted its stake in shares of Cheniere Energy by 23.9% in the first quarter. Evernest Financial Advisors LLC now owns 1,339 shares of the energy company’s stock valued at $347,000 after buying an additional 258 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LNG. TD Cowen lifted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Monday, May 11th. Citigroup lifted their price target on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group lifted their target price on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $297.71.

Cheniere Energy Stock Up 0.7%

Cheniere Energy stock opened at $265.05 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a market cap of $55.54 billion, a PE ratio of 43.59 and a beta of -0.01. The firm’s 50-day simple moving average is $241.32 and its 200 day simple moving average is $238.40. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. 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.