Terra Nova Asset Management LLC Has $1.88 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Terra Nova Asset Management LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,996 shares of the energy company’s stock after selling 98 shares during the quarter. Cheniere Energy comprises approximately 1.6% of Terra Nova Asset Management LLC’s holdings, making the stock its 26th largest holding. Terra Nova Asset Management LLC’s holdings in Cheniere Energy were worth $1,877,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Cheniere Energy by 8.6% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 428,165 shares of the energy company’s stock valued at $73,092,000 after purchasing an additional 33,924 shares during the period. Schechter Investment Advisors LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $212,000. Simon Quick Advisors LLC increased its position in shares of Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after buying an additional 66 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Cheniere Energy by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after buying an additional 64,297 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Cheniere Energy by 12.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 103,556 shares of the energy company’s stock valued at $17,678,000 after buying an additional 11,470 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.1 %

NYSE LNG opened at $161.27 on Friday. The firm has a market capitalization of $37.85 billion, a P/E ratio of 3.98, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46. The firm has a fifty day moving average of $162.53. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy’s quarterly revenue was down 46.9% on a year-over-year basis. During the same period in the prior year, the business posted $15.78 earnings per share. Research analysts expect that Cheniere Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.08%. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Mizuho increased their target price on Cheniere Energy from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 15th. TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and a consensus price target of $197.10.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.