Bank of Nova Scotia Sells 4,829 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Bank of Nova Scotia decreased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,224 shares of the energy company's stock after selling 4,829 shares during the quarter. Bank of Nova Scotia's holdings in Cheniere Energy were worth $6,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $2,127,000. Fractal Investments LLC raised its holdings in shares of Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after acquiring an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. purchased a new stake in Cheniere Energy in the fourth quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after acquiring an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy during the 4th quarter valued at $4,455,000. 87.26% of the stock is owned by institutional investors.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Argus initiated coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price on the stock. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average target price of $239.79.

Cheniere Energy Stock Up 2.5 %

NYSE LNG traded up $5.48 during mid-day trading on Tuesday, reaching $227.13. The stock had a trading volume of 1,749,317 shares, compared to its average volume of 1,880,426. The stock has a market cap of $50.61 billion, a PE ratio of 15.96 and a beta of 0.67. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a fifty day moving average price of $219.38 and a 200 day moving average price of $214.02.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's payout ratio is 14.05%.

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.