TD Waterhouse Canada Inc. Lowers Stake in Cheniere Energy, Inc. $LNG

TD Waterhouse Canada Inc. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the second quarter, Holdings Channel.com reports. The firm owned 280,101 shares of the energy company’s stock after selling 20,655 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cheniere Energy were worth $68,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sovereign Financial Group Inc. purchased a new stake in shares of Cheniere Energy in the first quarter worth $1,472,000. Thrivent Financial for Lutherans increased its holdings in shares of Cheniere Energy by 17.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock valued at $14,930,000 after acquiring an additional 11,270 shares in the last quarter. Prudential PLC raised its position in shares of Cheniere Energy by 2,313.7% in the 4th quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock worth $19,106,000 after purchasing an additional 94,213 shares during the last quarter. Norges Bank purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $731,774,000. Finally, Resona Asset Management Co. Ltd. boosted its stake in Cheniere Energy by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 71,413 shares of the energy company’s stock worth $20,362,000 after purchasing an additional 5,277 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Barclays upped their target price on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Tuesday. TD Cowen raised their price target on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $290.34 on Friday. The firm’s 50-day moving average price is $265.05 and its 200-day moving average price is $255.55. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a market cap of $59.96 billion and a PE ratio of 21.62. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the firm earned $7.30 earnings per share. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were paid a dividend of $0.555 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s payout ratio is currently 16.53%.

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.