Brooklyn Investment Group Buys New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Brooklyn Investment Group purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, HoldingsChannel reports. The fund purchased 940 shares of the energy company’s stock, valued at approximately $169,000.

Other large investors have also added to or reduced their stakes in the company. Octavia Wealth Advisors LLC raised its stake in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Cheniere Energy by 1.5% during the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after purchasing an additional 62 shares during the period. Signature Wealth Management Group lifted its holdings in shares of Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares during the period. Sapient Capital LLC lifted its holdings in shares of Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 67 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.1 %

Shares of LNG stock opened at $221.77 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $49.76 billion, a price-to-earnings ratio of 14.16 and a beta of 0.94. The stock has a 50 day simple moving average of $194.29 and a 200-day simple moving average of $180.07. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 EPS. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus decreased their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.89.

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.