TD Asset Management Inc Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• TD Asset Management Inc increased its stake in Cheniere Energy by 6.5%, owning nearly 1.96 million shares worth approximately $454 million.
• Analysts have a generally positive outlook on Cheniere Energy, with a consensus rating of "Moderate Buy" and a projected price target of $260.36.
• Cheniere Energy announced a quarterly dividend of $0.50 per share, reflecting an annualized yield of 0.89% with a payout ratio of 14.63%.

TD Asset Management Inc boosted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,962,006 shares of the energy company's stock after acquiring an additional 120,018 shares during the period. TD Asset Management Inc owned 0.88% of Cheniere Energy worth $454,008,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LNG. Altman Advisors Inc. raised its position in shares of Cheniere Energy by 0.4% in the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after purchasing an additional 43 shares during the period. Greenleaf Trust lifted its stake in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after purchasing an additional 46 shares in the last quarter. BIP Wealth LLC grew its stake in Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after buying an additional 50 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock worth $314,000 after buying an additional 52 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock worth $320,000 after buying an additional 53 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Down 0.8%

Shares of NYSE:LNG traded down $1.83 during midday trading on Wednesday, reaching $233.17. The company's stock had a trading volume of 630,265 shares, compared to its average volume of 2,139,081. The firm has a 50 day moving average of $234.99 and a 200-day moving average of $229.30. The firm has a market capitalization of $51.71 billion, a P/E ratio of 17.05 and a beta of 0.42. 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, Inc. has a 12-month low of $167.66 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period last year, the company posted $2.13 earnings per share. The business's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LNG shares. TD Cowen upped their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating 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 report on Wednesday, April 30th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Barclays reiterated an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two equities research 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. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus target price of $260.36.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company's stock.

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.