Cheniere Energy, Inc. (NYSE:LNG) Receives $234.25 Consensus Price Target from Brokerages

Shares of Cheniere Energy, Inc. (NYSE:LNG) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $235.75.

LNG has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company increased 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. The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday. Finally, TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Forum Financial Management LP increased its position in Cheniere Energy by 2.0% during the 4th quarter. Forum Financial Management LP now owns 2,822 shares of the energy company’s stock worth $606,000 after buying an additional 56 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Cheniere Energy during the 4th quarter worth $3,463,000. Public Employees Retirement System of Ohio increased its position in Cheniere Energy by 10.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 95,632 shares of the energy company’s stock worth $20,548,000 after buying an additional 8,944 shares during the period. Hudson Value Partners LLC increased its position in Cheniere Energy by 5.3% during the 4th quarter. Hudson Value Partners LLC now owns 12,386 shares of the energy company’s stock worth $2,661,000 after buying an additional 628 shares during the period. Finally, Vega Investment Solutions bought a new position in shares of Cheniere Energy in the fourth quarter worth $190,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $220.90 on Friday. The business has a 50 day simple moving average of $223.08 and a 200 day simple moving average of $203.61. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 15.52 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.