TD Waterhouse Canada Inc. Sells 20,655 Shares of Cheniere Energy, Inc. $LNG

TD Waterhouse Canada Inc. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,101 shares of the energy company’s stock after selling 20,655 shares during the quarter. TD Waterhouse Canada Inc. owned 0.14% of Cheniere Energy worth $68,048,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LNG. Strive Financial Group LLC bought a new stake in Cheniere Energy in the 4th quarter worth approximately $25,000. Financial Life Planners bought a new position in Cheniere Energy during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy during the third quarter worth approximately $27,000. Community Financial Services Group LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after acquiring an additional 63 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $290.34 on Friday. The stock has a fifty day moving average of $265.05 and a 200 day moving average of $255.55. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The firm has a market capitalization of $59.96 billion and a price-to-earnings ratio of 21.62. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the firm posted $7.30 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is presently 16.53%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research reports. Royal Bank Of Canada upped their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. TD Cowen boosted their price target on shares of Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.