Toronto Dominion Bank Purchases 2,786 Shares of Cheniere Energy, Inc. (LNG)

Toronto Dominion Bank increased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,918 shares of the energy company’s stock after purchasing an additional 2,786 shares during the period. Toronto Dominion Bank’s holdings in Cheniere Energy were worth $2,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gryphon Financial Partners LLC lifted its stake in Cheniere Energy by 126.5% during the 3rd quarter. Gryphon Financial Partners LLC now owns 2,313 shares of the energy company’s stock valued at $161,000 after acquiring an additional 1,292 shares in the last quarter. AMG National Trust Bank bought a new position in Cheniere Energy during the 3rd quarter valued at $208,000. Janney Montgomery Scott LLC bought a new position in Cheniere Energy during the 3rd quarter valued at $208,000. Exencial Wealth Advisors LLC bought a new position in Cheniere Energy during the 2nd quarter valued at $202,000. Finally, Atlantic Trust LLC bought a new position in Cheniere Energy during the 2nd quarter valued at $205,000.

In other news, General Counsel Sean N. Markowitz acquired 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $59.10 per share, with a total value of $100,470.00. Following the acquisition, the general counsel now owns 57,643 shares in the company, valued at approximately $3,406,701.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Kilpatrick sold 15,000 shares of Cheniere Energy stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the sale, the director now directly owns 4,397 shares of the company’s stock, valued at approximately $302,865.36. The disclosure for this sale can be found here.

Several equities analysts have weighed in on LNG shares. Zacks Investment Research cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Scotiabank set a $82.00 price objective on Cheniere Energy and gave the company a “buy” rating in a research note on Monday, August 20th. Bank of America restated a “buy” rating and set a $79.00 price objective on shares of Cheniere Energy in a research note on Tuesday, August 28th. Morgan Stanley upgraded Cheniere Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $80.00 in a research note on Wednesday, September 26th. Finally, Cowen upgraded Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Wednesday, September 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.09.

Shares of Cheniere Energy stock opened at $58.69 on Monday. Cheniere Energy, Inc. has a 1 year low of $46.00 and a 1 year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, November 8th. The energy company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company posted ($1.24) earnings per share. Cheniere Energy’s revenue was up 29.7% on a year-over-year basis.

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Cheniere Energy Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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