Bank of Montreal Can Purchases 7,242 Shares of Cheniere Energy, Inc. $LNG

Bank of Montreal Can boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.9% in the 2nd quarter, Holdings Channel reports. The firm owned 194,940 shares of the energy company’s stock after buying an additional 7,242 shares during the quarter. Bank of Montreal Can’s holdings in Cheniere Energy were worth $47,472,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its position in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hilltop National Bank purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new stake in Cheniere Energy in the 2nd quarter valued at about $30,000. WPG Advisers LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at about $38,000. Finally, LRI Investments LLC boosted its position in Cheniere Energy by 745.5% in the 2nd quarter. LRI Investments LLC now owns 186 shares of the energy company’s stock valued at $45,000 after buying an additional 164 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LNG shares. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Mizuho boosted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $268.73.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Trading Down 0.5%

Shares of NYSE:LNG opened at $205.68 on Thursday. The business’s 50-day moving average is $229.02 and its 200 day moving average is $232.71. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The firm has a market capitalization of $45.20 billion, a P/E ratio of 12.01, a P/E/G ratio of 6.08 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $3.93 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be given a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 7th. Cheniere Energy’s payout ratio is presently 12.37%.

About Cheniere Energy

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.