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

Brookstone Capital Management raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,875 shares of the energy company’s stock after acquiring an additional 221 shares during the period. Brookstone Capital Management’s holdings in Cheniere Energy were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LNG. Wellington Management Group LLP lifted its stake in shares of Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after purchasing an additional 685,662 shares in the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after purchasing an additional 413,744 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. TD Cowen boosted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Scotiabank began coverage on Cheniere Energy in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price target on the stock. Finally, Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.18.

Cheniere Energy Stock Performance

LNG opened at $252.70 on Friday. The company has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The business has a 50 day moving average price of $219.76 and a two-hundred day moving average price of $195.48.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.