Brookstone Capital Management Boosts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Brookstone Capital Management grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 525.5% during the 1st quarter, according to the company in 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 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated 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 completion of the sale, the director 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 document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LNG shares. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Stifel Nicolaus cut their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group reiterated a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Cheniere Energy Stock Performance

LNG traded down $1.84 during midday trading on Tuesday, hitting $236.72. 1,510,054 shares of the company traded hands, compared to its average volume of 1,845,513. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The company's 50-day moving average is $235.68 and its 200 day moving average is $227.72. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $52.50 billion, a PE ratio of 17.32 and a beta of 0.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced 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 firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders 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 dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 14.63%.

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.