Bank of Nova Scotia Has $1.80 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Bank of Nova Scotia decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 75.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,790 shares of the energy company's stock after selling 24,434 shares during the quarter. Bank of Nova Scotia's holdings in Cheniere Energy were worth $1,799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of Cheniere Energy during the 1st quarter worth $299,000. Banco Santander S.A. increased its stake in shares of Cheniere Energy by 200.8% during the 1st quarter. Banco Santander S.A. now owns 41,842 shares of the energy company's stock worth $9,682,000 after purchasing an additional 27,930 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Cheniere Energy by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,699 shares of the energy company's stock worth $2,939,000 after purchasing an additional 444 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Cheniere Energy by 21.5% during the 1st quarter. TIAA Trust National Association now owns 2,472 shares of the energy company's stock worth $572,000 after purchasing an additional 438 shares during the last quarter. Finally, Castellan Group increased its stake in shares of Cheniere Energy by 74.5% during the 1st quarter. Castellan Group now owns 53,298 shares of the energy company's stock worth $12,333,000 after purchasing an additional 22,754 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Bank of America raised their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.71.

Cheniere Energy Stock Down 1.9%

Shares of LNG stock traded down $4.43 during trading on Friday, reaching $230.84. The company's stock had a trading volume of 2,356,085 shares, compared to its average volume of 2,208,187. The company has a market cap of $51.20 billion, a price-to-earnings ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65. The business has a fifty day moving average price of $235.83 and a 200-day moving average price of $228.85. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. The firm's revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.84 earnings per share. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is currently 14.63%.

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.