Cheniere Energy, Inc. (NYSE:LNG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Cheniere Energy, Inc. (NYSE:LNG) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $212.89.

Several equities research analysts recently issued reports on LNG shares. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group raised their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Institutional Investors Weigh In On Cheniere Energy

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after buying an additional 42,737 shares during the period. M&G PLC lifted its position in Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after acquiring an additional 46,602 shares in the last quarter. Jennison Associates LLC grew its position in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after acquiring an additional 37,729 shares in the last quarter. Nwam LLC acquired a new stake in Cheniere Energy in the third quarter valued at approximately $2,747,000. Finally, Victory Capital Management Inc. raised its stake in shares of Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock valued at $20,436,000 after purchasing an additional 2,768 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.6 %

LNG opened at $222.57 on Tuesday. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $225.44. The stock has a fifty day moving average price of $196.75 and a 200-day moving average price of $181.64. The firm has a market cap of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. 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) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. As a group, equities research analysts anticipate that Cheniere Energy will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

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.