Toronto Dominion Bank Has $6.36 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Toronto Dominion Bank trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,417 shares of the energy company’s stock after selling 6,091 shares during the period. Toronto Dominion Bank’s holdings in Cheniere Energy were worth $6,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Cheniere Energy during the first quarter valued at $26,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $28,000. Riverview Trust Co bought a new stake in Cheniere Energy during the first quarter valued at $29,000. Scarborough Advisors LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $45,000. Finally, Eagle Bay Advisors LLC bought a new stake in Cheniere Energy during the first quarter valued at $50,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.2 %

NYSE LNG traded up $0.37 during trading hours on Friday, hitting $176.72. The company’s stock had a trading volume of 1,231,889 shares, compared to its average volume of 1,744,256. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $184.62. The stock has a market capitalization of $40.45 billion, a P/E ratio of 8.61 and a beta of 0.96. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. The company’s 50-day moving average price is $167.23.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business posted $6.89 EPS. Cheniere Energy’s revenue was down 41.8% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 8.29 EPS for the current fiscal year.

Cheniere Energy declared that its board has approved a stock buyback program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 0.98%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analyst Ratings Changes

LNG has been the topic of a number of research analyst reports. Barclays upped their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Redburn Atlantic began coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.09.

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.