Analysts Set Cheniere Energy, Inc. (NYSE:LNG) PT at $225.00

Shares of Cheniere Energy, Inc. (NYSE:LNG) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $225.00.

LNG has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. TD Cowen upped their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds have recently added to or reduced their stakes in LNG. Bank of New York Mellon Corp acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at about $441,000. Cambridge Investment Research Advisors Inc. boosted its position in Cheniere Energy by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,323 shares of the energy company’s stock worth $4,427,000 after purchasing an additional 217 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Cheniere Energy by 6.3% during the 2nd quarter. HB Wealth Management LLC now owns 2,559 shares of the energy company’s stock worth $447,000 after purchasing an additional 152 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $253,000. Finally, United Capital Management of KS Inc. lifted its stake in shares of Cheniere Energy by 2.2% in the 2nd quarter. United Capital Management of KS Inc. now owns 20,241 shares of the energy company’s stock valued at $3,539,000 after purchasing an additional 440 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.9 %

Shares of NYSE:LNG opened at $222.48 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $49.92 billion, a PE ratio of 14.21 and a beta of 0.97. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $228.10. The business’s fifty day simple moving average is $210.33 and its 200-day simple moving average is $190.22.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid 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 payout ratio is currently 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.