Cheniere Energy, Inc. $LNG Shares Acquired by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,265 shares of the energy company’s stock after purchasing an additional 471 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Cheniere Energy were worth $1,526,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc grew its position in Cheniere Energy by 7.6% during the second quarter. Ensign Peak Advisors Inc now owns 1,285,726 shares of the energy company’s stock valued at $313,100,000 after buying an additional 90,436 shares during the period. ARS Investment Partners LLC acquired a new position in shares of Cheniere Energy in the second quarter worth about $27,939,000. TD Waterhouse Canada Inc. boosted its stake in shares of Cheniere Energy by 3.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 13,657 shares of the energy company’s stock worth $3,220,000 after acquiring an additional 395 shares in the last quarter. Greenland Capital Management LP acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $1,672,000. Finally, Wealthspire Advisors LLC increased its stake in shares of Cheniere Energy by 4.4% in the 2nd quarter. Wealthspire Advisors LLC now owns 1,511 shares of the energy company’s stock valued at $368,000 after purchasing an additional 64 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the transaction, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LNG shares. BMO Capital Markets began coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective for the company. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a report on Thursday, October 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $268.47.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $209.98 on Thursday. The firm has a 50-day simple moving average of $223.77 and a 200-day simple moving average of $231.31. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $45.20 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a 52 week low of $188.70 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.93 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

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.