TD Asset Management Inc. Purchases 91,554 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TD Asset Management Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841,988 shares of the energy company’s stock after purchasing an additional 91,554 shares during the period. TD Asset Management Inc. owned approximately 0.82% of Cheniere Energy worth $395,788,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. WR Wealth Planners LLC boosted its stake in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy in the 4th quarter valued at about $29,000. Adirondack Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth about $43,000. Finally, SBI Securities Co. Ltd. acquired a new position in Cheniere Energy during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNG. UBS Group reiterated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Stifel Nicolaus increased their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.79.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $233.81 on Tuesday. The stock has a 50 day simple moving average of $225.11 and a 200 day simple moving average of $209.50. The stock has a market cap of $52.30 billion, a P/E ratio of 16.43 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.