TD Asset Management Inc. Has $395.79 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

TD Asset Management Inc. boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,841,988 shares of the energy company’s stock after buying an additional 91,554 shares during the period. TD Asset Management Inc.’s holdings in Cheniere Energy were worth $395,788,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LNG. Geneos Wealth Management Inc. boosted its position in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Cheniere Energy by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after purchasing an additional 55 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Cheniere Energy by 0.8% in the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock valued at $1,513,000 after purchasing an additional 59 shares during the last quarter. Finally, Hourglass Capital LLC raised its holdings in shares of Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock worth $2,353,000 after buying an additional 60 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 3.1 %

Shares of NYSE:LNG opened at $233.81 on Tuesday. The firm has a market cap of $52.30 billion, a P/E ratio of 16.43 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The business has a fifty day simple moving average of $225.11 and a 200 day simple moving average of $209.50. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LNG. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.79.

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.