Brasada Capital Management LP Invests $4.21 Million in Cheniere Energy, Inc. (NYSE:LNG)

Brasada Capital Management LP bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,353 shares of the energy company's stock, valued at approximately $4,211,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock valued at $99,000 after purchasing an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock valued at $503,000 after buying an additional 46 shares during the period. Larson Financial Group LLC boosted its stake in shares of Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after buying an additional 55 shares in the last quarter. American Money Management LLC grew its holdings in Cheniere Energy by 0.5% during the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after acquiring an additional 55 shares during the period. Finally, Forum Financial Management LP raised its position in Cheniere Energy by 2.0% in the fourth quarter. Forum Financial Management LP now owns 2,822 shares of the energy company's stock worth $606,000 after acquiring an additional 56 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE:LNG opened at $230.11 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The firm has a market cap of $51.27 billion, a price-to-earnings ratio of 16.17 and a beta of 0.67. The company's 50-day moving average is $220.91 and its two-hundred day moving average is $215.66. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy's payout ratio is currently 14.05%.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company's stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LNG. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Barclays increased their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Mizuho upped their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Stifel Nicolaus reduced their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and an average target price of $245.15.

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.

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