CANADA LIFE ASSURANCE Co Sells 1,770 Shares of Cheniere Energy, Inc. (NYSE:LNG)

CANADA LIFE ASSURANCE Co cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,067 shares of the energy company’s stock after selling 1,770 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Cheniere Energy were worth $12,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in LNG. Raymond James Financial Services Advisors Inc. increased its position in Cheniere Energy by 12.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 103,556 shares of the energy company’s stock valued at $17,678,000 after buying an additional 11,470 shares in the last quarter. Schechter Investment Advisors LLC purchased a new position in Cheniere Energy during the fourth quarter worth approximately $212,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in shares of Cheniere Energy by 8.6% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 428,165 shares of the energy company’s stock valued at $73,092,000 after acquiring an additional 33,924 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Cheniere Energy by 82.8% during the fourth quarter. Caprock Group LLC now owns 4,022 shares of the energy company’s stock valued at $687,000 after acquiring an additional 1,822 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Cheniere Energy by 5.2% during the fourth quarter. Gradient Investments LLC now owns 2,613 shares of the energy company’s stock valued at $446,000 after acquiring an additional 128 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Redburn Atlantic assumed coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays lifted their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.09.

Cheniere Energy Trading Up 0.3 %

LNG traded up $0.50 on Thursday, hitting $175.41. 532,457 shares of the company’s stock were exchanged, compared to its average volume of 1,899,411. The firm has a market capitalization of $40.15 billion, a price-to-earnings ratio of 8.59 and a beta of 0.96. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $184.62. The company’s fifty day simple moving average is $166.53. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS 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 firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business posted $6.89 EPS. Cheniere Energy’s revenue for the quarter was down 41.8% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 8.29 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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

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.