280,000 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 280,000 shares of the energy company’s stock, valued at approximately $60,164,000. Cheniere Energy accounts for approximately 1.2% of Summit Partners Public Asset Management LLC’s portfolio, making the stock its 11th largest holding. Summit Partners Public Asset Management LLC owned approximately 0.12% of Cheniere Energy at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC boosted its position in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $29,000. Banque Transatlantique SA acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $32,000. Finally, Nemes Rush Group LLC boosted its position in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after acquiring an additional 182 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $234.83 on Friday. The firm has a market cap of $52.08 billion, a P/E ratio of 16.50 and a beta of 0.41. Cheniere Energy, Inc. has a 52 week low of $153.03 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. The business’s fifty day moving average is $226.57 and its two-hundred day moving average is $221.48.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, UBS Group restated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.23.

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.