Summit Trail Advisors LLC Acquires 378 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Summit Trail Advisors LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,091 shares of the energy company’s stock after purchasing an additional 378 shares during the quarter. Summit Trail Advisors LLC’s holdings in Cheniere Energy were worth $376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SevenBridge Financial Group LLC bought a new position in shares of Cheniere Energy in the third quarter worth about $171,000. Larson Financial Group LLC increased its holdings in Cheniere Energy by 230.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,291 shares of the energy company’s stock worth $592,000 after acquiring an additional 2,296 shares in the last quarter. Cerity Partners LLC raised its stake in Cheniere Energy by 11.3% during the 3rd quarter. Cerity Partners LLC now owns 98,838 shares of the energy company’s stock worth $17,775,000 after acquiring an additional 10,071 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in Cheniere Energy by 6.9% during the third quarter. Great Valley Advisor Group Inc. now owns 24,929 shares of the energy company’s stock valued at $4,483,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its position in shares of Cheniere Energy by 7.4% in the third quarter. Meridian Wealth Management LLC now owns 4,325 shares of the energy company’s stock worth $778,000 after purchasing an additional 298 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.7 %

Shares of LNG opened at $221.90 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The business’s 50 day simple moving average is $193.45 and its 200-day simple moving average is $179.78.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Stifel Nicolaus cut their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.89.

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.