Summit Global Investments Has $2.11 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Summit Global Investments boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 128.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,814 shares of the energy company’s stock after acquiring an additional 5,511 shares during the period. Summit Global Investments’ holdings in Cheniere Energy were worth $2,109,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after buying an additional 46 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Cheniere Energy by 1.7% during the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after buying an additional 55 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Cheniere Energy by 0.8% during the fourth quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock valued at $1,513,000 after buying an additional 59 shares during the last quarter. Finally, Hourglass Capital LLC raised its position in shares of Cheniere Energy by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by insiders.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $227.24 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The firm’s 50-day moving average price is $225.03 and its two-hundred day moving average price is $208.94.

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

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

Analyst Ratings Changes

A number of research analysts have recently commented on LNG shares. Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. TD Cowen upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. The Goldman Sachs Group upped their target price 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. Finally, Morgan Stanley upped their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.79.

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.