Cheniere Energy (NYSE:LNG) Price Target Raised to $255.00

Cheniere Energy (NYSE:LNG) had its price target lifted by Morgan Stanley from $195.00 to $255.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Other equities analysts have also issued research reports about the company. TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $223.71 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $223.15 and its two-hundred day moving average is $199.51. The company has a market cap of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The business 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%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 EPS. On average, equities analysts expect that Cheniere Energy will post 12.67 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s payout ratio is 12.77%.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at $30,000. Finally, Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $43,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

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.