Terra Nova Asset Management LLC Buys New Stake in Cheniere Energy, Inc. (NYSE:LNG)

Terra Nova Asset Management LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 4,994 shares of the energy company’s stock, valued at approximately $1,073,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Cheniere Energy during the second quarter worth about $441,000. XTX Topco Ltd acquired a new position in Cheniere Energy during the second quarter worth approximately $210,000. AE Wealth Management LLC purchased a new stake in Cheniere Energy in the second quarter valued at approximately $490,000. Summit Trail Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at approximately $300,000. Finally, Westwood Holdings Group Inc. grew its position in shares of Cheniere Energy by 25.3% during the second quarter. Westwood Holdings Group Inc. now owns 12,365 shares of the energy company’s stock worth $607,000 after acquiring an additional 2,493 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of Cheniere Energy in a research note on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price target for the company. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $231.18.

Cheniere Energy Trading Down 0.4 %

NYSE:LNG opened at $252.70 on Monday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a fifty day moving average price of $219.76 and a two-hundred day moving average price of $195.63. The stock has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.37 EPS. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

About Cheniere Energy

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.