Toronto Dominion Bank lifted its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 10.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,450 shares of the energy company’s stock after purchasing an additional 3,772 shares during the quarter. Toronto Dominion Bank’s holdings in Cheniere Energy were worth $3,595,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Blume Capital Management Inc. bought a new stake in Cheniere Energy during the second quarter worth $26,000. Sandy Spring Bank grew its holdings in Cheniere Energy by 46.5% during the second quarter. Sandy Spring Bank now owns 630 shares of the energy company’s stock worth $54,000 after buying an additional 200 shares in the last quarter. Bessemer Group Inc. grew its holdings in Cheniere Energy by 36.4% during the first quarter. Bessemer Group Inc. now owns 990 shares of the energy company’s stock worth $71,000 after buying an additional 264 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in Cheniere Energy by 62.0% during the second quarter. Berman Capital Advisors LLC now owns 996 shares of the energy company’s stock worth $86,000 after buying an additional 381 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Cheniere Energy during the second quarter worth $92,000. 86.50% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on LNG. Raymond James upped their price objective on Cheniere Energy from $107.00 to $109.00 and gave the company a “strong-buy” rating in a research note on Friday, August 6th. upped their price objective on Cheniere Energy from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 22nd. Barclays upped their price objective on Cheniere Energy from $104.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, October 6th. Evercore ISI upped their price objective on Cheniere Energy from $107.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 30th. Finally, Wolfe Research restated a “buy” rating and issued a $93.00 price objective on shares of Cheniere Energy in a research note on Friday, July 16th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $100.11.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, August 5th. The energy company reported ($1.30) earnings per share for the quarter, missing the consensus estimate of $0.92 by ($2.22). The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.20 billion. Cheniere Energy had a positive return on equity of 22.07% and a negative net margin of 5.73%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 4.6 EPS for the current year.
The business also recently disclosed a — dividend, which will be paid on Wednesday, November 17th. Investors of record on Wednesday, November 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 2nd.
Cheniere Energy Profile
Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.
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