Summit Global Investments Buys 5,511 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Summit Global Investments increased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 128.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,814 shares of the energy company's stock after purchasing an additional 5,511 shares during the quarter. Summit Global Investments' holdings in Cheniere Energy were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC boosted its holdings in Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after acquiring an additional 55 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Cheniere Energy by 0.8% in the fourth quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company's stock valued at $1,513,000 after acquiring an additional 59 shares in the last quarter. Finally, Hourglass Capital LLC increased its position in Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company's stock valued at $2,353,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

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Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company's stock.

Cheniere Energy Stock Down 2.4 %

Shares of LNG traded down $5.69 during trading hours on Thursday, hitting $226.76. The company had a trading volume of 2,259,406 shares, compared to its average volume of 1,748,465. The stock has a market capitalization of $50.72 billion, a price-to-earnings ratio of 15.94 and a beta of 0.94. The firm has a fifty day moving average price of $224.62 and a 200-day moving average price of $210.02. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group restated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

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.