Cheniere Energy, Inc. (NYSE:LNG) Holdings Raised by BROOKFIELD Corp ON

BROOKFIELD Corp ON increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,943,667 shares of the energy company's stock after buying an additional 292,703 shares during the period. Cheniere Energy comprises about 2.5% of BROOKFIELD Corp ON's portfolio, making the stock its 7th biggest position. BROOKFIELD Corp ON owned 0.87% of Cheniere Energy worth $417,636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $629,197,000. Ninety One UK Ltd increased its stake in Cheniere Energy by 1,400.7% in the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $130,772,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Cheniere Energy by 18,281.6% during the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock worth $123,743,000 after buying an additional 572,764 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

LNG traded down $3.83 during trading on Friday, hitting $233.48. The stock had a trading volume of 2,580,012 shares, compared to its average volume of 1,862,580. The firm has a market capitalization of $52.02 billion, a P/E ratio of 16.41 and a beta of 0.41. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. The company's 50-day moving average price is $224.83 and its 200 day moving average price is $219.78.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $2.13 earnings per share. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

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

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 33,934 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LNG. TD Cowen lifted their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley lifted their target price 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 reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, 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 report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy 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.