Brookwood Investment Group LLC Trims Stock Position in Cheniere Energy, Inc. $LNG

Brookwood Investment Group LLC lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 61.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,227 shares of the energy company’s stock after selling 1,940 shares during the quarter. Brookwood Investment Group LLC’s holdings in Cheniere Energy were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at approximately $27,000. Accordant Advisory Group Inc purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. raised its position in shares of Cheniere Energy by 250.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Armstrong Advisory Group Inc. increased its position in shares of Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.1%

NYSE LNG opened at $265.53 on Friday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The company has a 50-day simple moving average of $249.40 and a 200-day simple moving average of $223.29. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market capitalization of $55.80 billion, a PE ratio of 10.93 and a beta of 0.14.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, beating the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business earned $4.33 earnings per share. Cheniere Energy’s revenue was up 22.9% compared to the same quarter last year. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is currently 9.14%.

Cheniere Energy announced that its board has approved a stock buyback program on Thursday, February 26th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of Cheniere Energy from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Jefferies Financial Group increased their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Bank of America increased their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a report on Friday, March 20th. BMO Capital Markets increased their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $291.88.

Insiders Place Their Bets

In related news, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total value of $6,473,141.08. Following the transaction, the executive vice president directly owned 64,000 shares in the company, valued at $18,622,720. The trade was a 25.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $300.00, for a total value of $8,700,000.00. Following the sale, the chief financial officer directly owned 87,146 shares in the company, valued at $26,143,800. This trade represents a 24.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.26% of the company’s stock.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.