TD Waterhouse Canada Inc. Buys 395 Shares of Cheniere Energy, Inc. $LNG

TD Waterhouse Canada Inc. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,657 shares of the energy company’s stock after purchasing an additional 395 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cheniere Energy were worth $3,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Westside Investment Management Inc. lifted its holdings in Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares during the period. Hilltop National Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of Cheniere Energy during the second quarter worth about $34,000. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price 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. The trade was a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $205.40 on Friday. The company has a market capitalization of $44.21 billion, a PE ratio of 11.99, a PEG ratio of 6.08 and a beta of 0.36. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average price is $222.59 and its 200-day moving average price is $230.94. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the firm posted $3.93 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on LNG. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Thursday, October 30th. Raymond James Financial restated a “strong-buy” rating and issued a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price objective on shares of Cheniere Energy in a research report on Monday, November 3rd. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $268.47.

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.