Cheniere Energy, Inc. (NYSE:LNG) Receives $301.56 Consensus Target Price from Analysts

Cheniere Energy, Inc. (NYSE:LNG – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $302.6111.

Several equities research analysts have recently issued reports on LNG shares. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Wolfe Research reissued an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. UBS Group set a $290.00 price target on Cheniere Energy in a research report on Wednesday, May 13th. Finally, Barclays upped their price target on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a report on Friday, August 7th.

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Institutional Trading of Cheniere Energy

A number of hedge funds have recently bought and sold shares of LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the fourth quarter valued at about $335,000. Bank of Nova Scotia increased its stake in Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares during the period. Sei Investments Co. increased its stake in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares during the period. Treasurer of the State of North Carolina raised its holdings in Cheniere Energy by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in Cheniere Energy by 87.0% in the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of LNG opened at $280.65 on Thursday. The business’s 50-day moving average is $256.08 and its 200-day moving average is $251.53. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The company has a market capitalization of $57.96 billion, a price-to-earnings ratio of 20.90 and a beta of -0.01. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.30 earnings per share. Equities research analysts expect that Cheniere Energy will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s payout ratio is 16.53%.

Cheniere Energy Company Profile

(Get Free Report)

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.

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