Brooklands Fund Management Ltd Purchases New Shares in Cheniere Energy, Inc. $LNG

Brooklands Fund Management Ltd acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,500 shares of the energy company’s stock, valued at approximately $709,000. Cheniere Energy makes up 0.8% of Brooklands Fund Management Ltd’s portfolio, making the stock its 27th largest position.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Cheniere Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares during the last quarter. State Street Corp grew its position in Cheniere Energy by 2.8% in the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after purchasing an additional 167,622 shares in the last quarter. Norges Bank purchased a new stake in Cheniere Energy in the 4th quarter valued at about $731,774,000. Victory Capital Management Inc. increased its stake in Cheniere Energy by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after buying an additional 253,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock worth $440,047,000 after buying an additional 134,695 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.7%

LNG opened at $271.95 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market cap of $56.99 billion, a price-to-earnings ratio of 44.73 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company’s 50-day moving average price is $243.97 and its two-hundred day moving average price is $241.88.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is 36.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNG. Wolfe Research restated an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their price target on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada lifted their price target on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Profile

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.