Fiera Capital Corp Cuts Position in Cheniere Energy, Inc. $LNG

Fiera Capital Corp lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 38.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,436 shares of the energy company’s stock after selling 25,663 shares during the quarter. Fiera Capital Corp’s holdings in Cheniere Energy were worth $9,847,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. Altman Advisors Inc. boosted its holdings in Cheniere Energy by 0.4% during the second quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after buying an additional 44 shares in the last quarter. Hemington Wealth Management increased its holdings in Cheniere Energy by 14.0% in the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after buying an additional 48 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock worth $233,000 after acquiring an additional 48 shares in the last quarter. Bailard Inc. boosted its stake in shares of Cheniere Energy by 0.7% during the 2nd quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after acquiring an additional 49 shares in the last quarter. Finally, Fielder Capital Group LLC grew its holdings in shares of Cheniere Energy by 1.8% in the 2nd quarter. Fielder Capital Group LLC now owns 2,964 shares of the energy company’s stock worth $722,000 after acquiring an additional 51 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.1%

Shares of LNG stock opened at $213.40 on Friday. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 6.08 and a beta of 0.36. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average price of $225.50 and a 200 day moving average price of $231.93. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.93 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be issued a $0.555 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.0%. Cheniere Energy’s payout ratio is presently 12.37%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research reports. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Mizuho boosted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Finally, Scotiabank cut their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $268.47.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.