Toronto Dominion Bank Has $7.34 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Toronto Dominion Bank lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 25.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,836 shares of the energy company’s stock after purchasing an additional 8,257 shares during the quarter. Toronto Dominion Bank’s holdings in Cheniere Energy were worth $7,344,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy in the third quarter worth $27,000. Carolinas Wealth Consulting LLC raised its stake in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Cheniere Energy during the third quarter worth about $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the second quarter worth about $30,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Barclays upped their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.56.

Cheniere Energy Trading Down 0.7 %

NYSE LNG opened at $213.06 on Friday. The company has a market cap of $47.80 billion, a price-to-earnings ratio of 13.61 and a beta of 0.97. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business’s fifty day moving average is $203.27 and its 200 day moving average is $185.26.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.