BROOKFIELD Corp ON Sells 4,693 Shares of Cheniere Energy, Inc. $LNG

BROOKFIELD Corp ON lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 902,436 shares of the energy company’s stock after selling 4,693 shares during the quarter. Cheniere Energy comprises approximately 0.3% of BROOKFIELD Corp ON’s investment portfolio, making the stock its 10th biggest holding. BROOKFIELD Corp ON’s holdings in Cheniere Energy were worth $256,075,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $26,000. Financial Life Planners bought a new stake in Cheniere Energy in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy in the 3rd quarter valued at $27,000. Finally, Accordant Advisory Group Inc acquired a new position in Cheniere Energy in the 4th quarter worth $29,000. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. TD Cowen boosted their price target on Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $298.88.

Cheniere Energy Stock Performance

Shares of LNG opened at $269.27 on Monday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm has a fifty day simple moving average of $244.52 and a 200 day simple moving average of $242.37. The stock has a market capitalization of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy Dividend Announcement

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

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.