Dai ichi Life reduced stake in Cheniere Energy, which reported exceeded earnings.
Dai ichi Life Insurance has reduced its stake in Cheniere Energy by 6.6%, now holding 20,264 shares. Cheniere, focused on liquefied natural gas, reported earnings of $3.84 per share, exceeding $1.71 estimates, with revenues of $3.30 billion. The company also initiated a $4 billion stock buyback and announced a quarterly dividend of $0.435. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $196.25.
September 15, 2024
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