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.