Summit Global Investments Has $1.13 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Summit Global Investments decreased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 50.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,879 shares of the energy company's stock after selling 4,935 shares during the period. Summit Global Investments' holdings in Cheniere Energy were worth $1,129,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after purchasing an additional 43 shares in the last quarter. BIP Wealth LLC grew its holdings in shares of Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Cheniere Energy by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock worth $320,000 after purchasing an additional 53 shares in the last quarter. NDVR Inc. grew its holdings in shares of Cheniere Energy by 4.8% during the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock worth $255,000 after purchasing an additional 54 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock worth $719,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 2.6%

Cheniere Energy stock traded up $6.25 during trading hours on Monday, hitting $243.24. The stock had a trading volume of 3,009,062 shares, compared to its average volume of 1,874,613. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $53.95 billion, a price-to-earnings ratio of 17.09 and a beta of 0.41. Cheniere Energy, Inc. has a one year low of $154.82 and a one year high of $257.65. The business's 50 day simple moving average is $228.03 and its 200-day simple moving average is $224.00.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Analysts Set New Price Targets

Several analysts have recently issued reports on LNG shares. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. UBS Group reissued a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Scotiabank reduced their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Company 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.