Summit Partners Public Asset Management LLC Purchases New Position in Cheniere Energy, Inc. (NYSE:LNG)

Summit Partners Public Asset Management LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 280,000 shares of the energy company's stock, valued at approximately $60,164,000. Cheniere Energy makes up approximately 1.2% of Summit Partners Public Asset Management LLC's investment portfolio, making the stock its 11th largest position. Summit Partners Public Asset Management LLC owned 0.12% of Cheniere Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares in the last quarter. WR Wealth Planners LLC lifted its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $29,000. Banque Transatlantique SA bought a new position in Cheniere Energy in the 4th quarter valued at $32,000. Finally, Nemes Rush Group LLC grew its position in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LNG. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. TD Cowen raised their price target on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley lifted their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Argus began coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.23.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value 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. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of LNG stock traded down $0.46 during trading hours on Tuesday, hitting $232.75. 1,404,232 shares of the company's stock were exchanged, compared to its average volume of 1,863,517. The company has a market capitalization of $51.62 billion, a PE ratio of 16.36 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The business's 50 day simple moving average is $226.92 and its 200-day simple moving average is $222.28.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.63%.

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.