Terra Nova Asset Management LLC Invests $1.07 Million in Cheniere Energy, Inc. (NYSE:LNG)

Terra Nova Asset Management LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,994 shares of the energy company’s stock, valued at approximately $1,073,000.

A number of other hedge funds have also recently modified their holdings of LNG. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy in the fourth quarter worth approximately $2,127,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth $4,455,000. Covea Finance grew its holdings in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after purchasing an additional 19,200 shares during the period. Continuum Advisory LLC increased its position in shares of Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LNG shares. The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Scotiabank started coverage on shares of Cheniere Energy in a report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 target price for the company. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $252.70 on Monday. The business has a 50-day simple moving average of $219.76 and a 200-day simple moving average of $195.63. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The company has a market cap of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $2.37 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 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.