Brookwood Investment Group LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Brookwood Investment Group LLC purchased 1,702 shares of Cheniere Energy, valued at approximately $394,000, as part of its new stake in the company.
• Cheniere Energy recently declared a quarterly dividend of $0.50, set to be paid on August 18th, contributing to an annualized yield of 0.89%.
• Cheniere Energy's stock is rated as a Moderate Buy by analysts, with an average target price of $260.36, as fifteen analysts have assigned a buy rating to the stock.

Brookwood Investment Group LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,702 shares of the energy company's stock, valued at approximately $394,000.

Several other institutional investors have also bought and sold shares of LNG. REAP Financial Group LLC lifted its stake in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares during the period. Banque Transatlantique SA bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $32,000. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $42,000. Finally, Nemes Rush Group LLC increased its holdings in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research reports. 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. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Wells Fargo & Company set a $267.00 price objective on Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Finally, Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $260.36.

Cheniere Energy Price Performance

LNG stock traded up $5.25 during midday trading on Tuesday, reaching $233.73. 1,055,442 shares of the stock were exchanged, compared to its average volume of 2,139,001. The stock has a market capitalization of $51.84 billion, a PE ratio of 17.10 and a beta of 0.42. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The company has a fifty day moving average price of $234.94 and a 200 day moving average price of $229.25. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company 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 32.62% and a net margin of 18.37%. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is presently 14.63%.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director directly owned 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

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.