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

Brookstone Capital Management decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 51.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,921 shares of the energy company’s stock after selling 2,045 shares during the period. Brookstone Capital Management’s holdings in Cheniere Energy were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LNG. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $28,000. Riverview Trust Co bought a new position in shares of Cheniere Energy in the first quarter worth $29,000. Scarborough Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $45,000. Quarry LP increased its holdings in shares of Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after purchasing an additional 186 shares during the period. Finally, AJOVista LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $60,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.8 %

NYSE LNG opened at $174.46 on Wednesday. The company’s 50-day simple moving average is $159.97. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 12-month low of $148.57 and a 12-month high of $183.46. The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of 8.50 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.89 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a $0.435 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 1.00%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNG shares. UBS Group decreased their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, TD Cowen increased their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.64.

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.