Terra Nova Asset Management LLC Has $1.34 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Terra Nova Asset Management LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,794 shares of the energy company’s stock after buying an additional 800 shares during the period. Terra Nova Asset Management LLC’s holdings in Cheniere Energy were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy during the fourth quarter worth $335,000. Sigma Planning Corp increased its holdings in shares of Cheniere Energy by 20.8% in the fourth quarter. Sigma Planning Corp now owns 3,449 shares of the energy company’s stock valued at $741,000 after purchasing an additional 593 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Cheniere Energy in the fourth quarter valued at $218,000. IFP Advisors Inc increased its holdings in shares of Cheniere Energy by 19.0% in the fourth quarter. IFP Advisors Inc now owns 5,091 shares of the energy company’s stock valued at $1,094,000 after purchasing an additional 812 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Cheniere Energy by 20.2% in the fourth quarter. Rothschild Investment LLC now owns 1,019 shares of the energy company’s stock valued at $219,000 after purchasing an additional 171 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director now owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Trading Down 1.3%

LNG stock opened at $236.72 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The company’s 50-day simple moving average is $234.26 and its 200 day simple moving average is $225.92. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The company has a market capitalization of $52.50 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 5.00 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the company posted $2.13 earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.84%. Cheniere Energy’s dividend payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research reports. Bank of America upped their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday. 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. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $253.00 to $267.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho upped their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.08.

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.