CIBC Asset Management Inc Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

CIBC Asset Management Inc increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,170 shares of the energy company’s stock after buying an additional 673 shares during the period. CIBC Asset Management Inc’s holdings in Cheniere Energy were worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of LNG. Creative Planning increased its holdings in shares of Cheniere Energy by 10.4% in the 3rd quarter. Creative Planning now owns 32,688 shares of the energy company’s stock valued at $5,879,000 after acquiring an additional 3,069 shares during the period. Blue Trust Inc. increased its holdings in shares of Cheniere Energy by 205.4% in the 3rd quarter. Blue Trust Inc. now owns 1,417 shares of the energy company’s stock valued at $248,000 after acquiring an additional 953 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $285,800,000. Argent Capital Management LLC increased its holdings in shares of Cheniere Energy by 2.7% in the 3rd quarter. Argent Capital Management LLC now owns 13,942 shares of the energy company’s stock valued at $2,507,000 after acquiring an additional 362 shares during the period. Finally, Ausbil Investment Management Ltd increased its holdings in shares of Cheniere Energy by 2.1% in the 3rd quarter. Ausbil Investment Management Ltd now owns 38,809 shares of the energy company’s stock valued at $6,979,000 after acquiring an additional 780 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $226.80 on Friday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm’s 50-day simple moving average is $222.68 and its 200 day simple moving average is $203.10. The firm has a market capitalization of $50.89 billion, a PE ratio of 14.48 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. On average, equities research analysts predict that Cheniere Energy, Inc. will post 12.77 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank boosted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

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.