Fiera Capital Corp Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Fiera Capital Corp grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,099 shares of the energy company’s stock after buying an additional 6,756 shares during the quarter. Fiera Capital Corp’s holdings in Cheniere Energy were worth $15,295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LNG. REAP Financial Group LLC raised its position in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Banque Transatlantique SA bought a new position in Cheniere Energy during the 4th quarter valued at about $32,000. Cooksen Wealth LLC bought a new position in Cheniere Energy during the 1st quarter valued at about $38,000. Nemes Rush Group LLC grew its holdings in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after purchasing an additional 182 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in Cheniere Energy during the 4th quarter valued at about $42,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Cheniere Energy Price Performance

Shares of LNG opened at $235.13 on Wednesday. The company has a 50 day moving average price of $234.99 and a 200-day moving average price of $229.30. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65. The stock has a market capitalization of $52.15 billion, a PE ratio of 17.20 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company posted $2.13 EPS. Cheniere Energy’s revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy’s payout ratio is 14.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a report on Thursday, June 26th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the company an “overweight” rating in a report on Wednesday, June 25th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Finally, Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.36.

Cheniere Energy 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.