Terra Nova Asset Management LLC Purchases New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Terra Nova Asset Management LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,994 shares of the energy company's stock, valued at approximately $1,073,000.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after acquiring an additional 1,789,919 shares during the last quarter. Two Sigma Advisers LP grew its stake in Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock worth $160,885,000 after purchasing an additional 685,662 shares during the period. Darlington Partners Capital Management LP boosted its stake in Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock worth $264,720,000 after acquiring an additional 647,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock valued at $921,503,000 after buying an additional 413,744 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Scotiabank began coverage on shares of Cheniere Energy in a research note on Friday, January 10th. They issued a "sector outperform" rating and a $242.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average price target of $231.18.

Cheniere Energy Trading Down 0.4 %

Shares of NYSE LNG traded down $0.96 during mid-day trading on Monday, hitting $252.70. The stock had a trading volume of 2,454,749 shares, compared to its average volume of 1,232,545. The firm has a market cap of $56.70 billion, a P/E ratio of 16.14 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business has a 50 day moving average price of $219.76 and a two-hundred day moving average price of $195.63. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The company's quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is currently 12.77%.

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.