Fiera Capital Corp Has $15.30 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Fiera Capital Corp increased its stake in Cheniere Energy by 11.4% during the first quarter, owning a total of 66,099 shares valued at approximately $15.3 million.
• Cheniere Energy reported a quarterly earnings loss of $1.57 per share, missing estimates by $1.24, while its revenue of $5.44 billion exceeded expectations by 28%.
• The company announced a quarterly dividend of $0.50 per share, representing an annualized yield of 0.85% and a payout ratio of 14.63%.

Fiera Capital Corp lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,099 shares of the energy company's stock after buying an additional 6,756 shares during the quarter. Fiera Capital Corp's holdings in Cheniere Energy were worth $15,295,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of Cheniere Energy by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. Invesco Ltd. boosted its stake in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after acquiring an additional 450,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after acquiring an additional 59,281 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Cheniere Energy by 6.5% during the 1st quarter. TD Asset Management Inc now owns 1,962,006 shares of the energy company's stock worth $454,008,000 after acquiring an additional 120,018 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LNG. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $260.36.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $2.51 on Friday, hitting $238.39. The company had a trading volume of 2,022,265 shares, compared to its average volume of 1,986,933. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The stock has a 50 day moving average price of $235.42 and a 200 day moving average price of $229.34. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 17.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company's revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 14.63%.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Company 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.