Brookstone Capital Management Increases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Brookstone Capital Management raised its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 525.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,729 shares of the energy company's stock after purchasing 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $42,000. Nemes Rush Group LLC raised its holdings in shares of Cheniere Energy by 2,022.2% during the fourth 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 raised its holdings in shares of Cheniere Energy by 676.0% during the first 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. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LNG shares. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, 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. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of "Moderate Buy" and an average price target of $258.36.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $1.29 during trading on Wednesday, hitting $235.49. 1,579,441 shares of the company's stock traded hands, compared to its average volume of 1,847,331. 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, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The stock has a market capitalization of $52.23 billion, a P/E ratio of 17.23 and a beta of 0.42. The business has a 50-day simple moving average of $235.74 and a 200-day simple moving average of $227.83.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period last year, the business earned $2.13 earnings per share. The company's quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm'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 approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

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.