Brookstone Capital Management Acquires 9,854 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Brookstone Capital Management grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 525.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,729 shares of the energy company's stock after purchasing an additional 9,854 shares during the period. Brookstone Capital Management's holdings in Cheniere Energy were worth $2,714,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LNG. REAP Financial Group LLC boosted its stake in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA bought a new position in shares of Cheniere Energy during the 4th quarter worth about $32,000. Ameriflex Group Inc. bought a new position in shares of Cheniere Energy during the 4th quarter worth about $42,000. Nemes Rush Group LLC boosted its position in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after acquiring an additional 182 shares in the last quarter. Finally, Tsfg LLC boosted its position in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after acquiring an additional 169 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.8%

Shares of LNG stock traded down $1.91 during trading hours on Thursday, hitting $234.06. 1,324,467 shares of the company's stock traded hands, compared to its average volume of 1,845,248. The stock's 50 day simple moving average is $235.74 and its 200 day simple moving average is $227.83. The stock has a market cap of $51.91 billion, a PE ratio of 17.12 and a beta of 0.42. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced 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 32.62% and a net margin of 18.37%. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LNG. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. UBS Group reaffirmed a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Scotiabank decreased their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.36.

Insider Buying and Selling

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company's stock.

About Cheniere Energy

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.