Cheniere Energy (NYSE:LNG) Coverage Initiated by Analysts at Argus

Argus started coverage on shares of Cheniere Energy (NYSE:LNG) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $255.00 price objective on the energy company’s stock.

A number of other equities research analysts also recently issued reports on the company. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Morgan Stanley upped their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Stock Up 1.4 %

LNG opened at $230.52 on Tuesday. 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 firm has a 50 day moving average price of $224.99 and a 200-day moving average price of $208.46. Cheniere Energy has a twelve month low of $152.88 and a twelve month high of $257.65. The stock has a market capitalization of $51.56 billion, a price-to-earnings ratio of 16.20 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Equities research analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. WR Wealth Planners LLC raised its holdings in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $29,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $32,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.