Summit Trail Advisors LLC Acquires 838 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Summit Trail Advisors LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 40.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,929 shares of the energy company’s stock after purchasing an additional 838 shares during the quarter. Summit Trail Advisors LLC’s holdings in Cheniere Energy were worth $629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $26,000 after buying an additional 75 shares during the period. Capital Performance Advisors LLP bought a new stake in Cheniere Energy in the third quarter valued at approximately $28,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy during the 4th quarter valued at approximately $43,000. City Holding Co. bought a new position in Cheniere Energy during the 4th quarter worth approximately $50,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $53,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $218.83 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company has a market cap of $49.10 billion, a price-to-earnings ratio of 13.97 and a beta of 0.98. The company’s fifty day moving average price is $223.46 and its two-hundred day moving average price is $201.55. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LNG shares. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays boosted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.25.

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.