TD Private Client Wealth LLC Sells 3,961 Shares of Cheniere Energy, Inc. $LNG

TD Private Client Wealth LLC trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,013 shares of the energy company’s stock after selling 3,961 shares during the quarter. TD Private Client Wealth LLC’s holdings in Cheniere Energy were worth $2,823,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after buying an additional 26,843 shares during the period. Norges Bank bought a new position in Cheniere Energy in the second quarter worth approximately $957,425,000. Geode Capital Management LLC grew its stake in Cheniere Energy by 1.9% in the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after purchasing an additional 70,475 shares in the last quarter. TD Asset Management Inc increased its holdings in Cheniere Energy by 1.5% during the 2nd quarter. TD Asset Management Inc now owns 1,990,748 shares of the energy company’s stock worth $484,787,000 after purchasing an additional 28,742 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Cheniere Energy by 0.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock valued at $449,364,000 after purchasing an additional 8,740 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LNG. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cheniere Energy in a research note on Monday, December 29th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a report on Thursday, October 30th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Scotiabank decreased their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.24.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by company insiders.

Cheniere Energy Trading Up 0.1%

LNG stock opened at $193.66 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $257.65. The business’s 50-day moving average is $200.46 and its 200 day moving average is $220.87. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 6.21 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the business posted $3.93 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. Cheniere Energy’s payout ratio is currently 12.37%.

Cheniere Energy Company Profile

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.