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

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

Several other institutional investors have also recently made changes to their positions in LNG. The Manufacturers Life Insurance Company raised its stake in shares of Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after purchasing an additional 379,142 shares in the last quarter. Invesco Ltd. lifted its holdings in Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after purchasing an additional 450,031 shares in the last quarter. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter worth approximately $629,197,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after acquiring an additional 59,281 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Trading Down 0.4%

LNG stock traded down $1.00 during midday trading on Monday, reaching $238.62. The company's stock had a trading volume of 1,098,441 shares, compared to its average volume of 1,846,854. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The stock has a fifty day simple moving average of $235.66 and a two-hundred day simple moving average of $227.51. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The firm has a market capitalization of $52.92 billion, a price-to-earnings ratio of 17.46 and a beta of 0.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The business's revenue for the quarter was up 28.0% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Cheniere Energy's payout ratio is 14.63%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 price objective on Cheniere Energy and gave the stock an "overweight" rating in a report on Wednesday, June 25th. TD Cowen upped their price objective on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Stifel Nicolaus decreased their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America upped their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $258.36.

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.