TD Asset Management Inc. Acquires 91,554 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TD Asset Management Inc. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,841,988 shares of the energy company's stock after purchasing an additional 91,554 shares during the period. TD Asset Management Inc. owned 0.82% of Cheniere Energy worth $395,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Modern Wealth Management LLC acquired a new stake in Cheniere Energy in the 4th quarter worth about $317,000. Cannon Global Investment Management LLC boosted its stake in shares of Cheniere Energy by 62.5% in the fourth quarter. Cannon Global Investment Management LLC now owns 5,200 shares of the energy company's stock worth $1,117,000 after acquiring an additional 2,000 shares during the last quarter. LPL Financial LLC increased its position in shares of Cheniere Energy by 27.0% during the fourth quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock worth $63,000,000 after purchasing an additional 62,338 shares in the last quarter. Blueprint Investment Partners LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $202,000. Finally, Mosley Wealth Management lifted its holdings in Cheniere Energy by 3.9% in the 4th quarter. Mosley Wealth Management now owns 2,450 shares of the energy company's stock valued at $559,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

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Cheniere Energy Stock Performance

NYSE LNG traded down $0.77 during trading hours on Friday, hitting $226.02. 680,860 shares of the stock were exchanged, compared to its average volume of 2,247,973. The company has a market cap of $50.55 billion, a price-to-earnings ratio of 15.88 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The stock has a 50-day moving average of $224.08 and a 200 day moving average of $210.14. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

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

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio (DPR) is 14.05%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. UBS Group reiterated a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $239.79.

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.