Cheniere Energy, Inc. (NYSE:LNG – Get Free Report) has earned an average rating of “Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $252.23.
A number of research firms recently weighed in on LNG. Bank of America boosted their target price on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Wolfe Research downgraded Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price for the company.
Check Out Our Latest Research Report on LNG
Insider Activity at Cheniere Energy
Institutional Investors Weigh In On Cheniere Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new stake in Cheniere Energy in the fourth quarter worth $335,000. CIBC Asset Management Inc grew its stake in shares of Cheniere Energy by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,170 shares of the energy company’s stock worth $3,474,000 after acquiring an additional 673 shares during the last quarter. Truist Financial Corp grew its stake in shares of Cheniere Energy by 1.6% in the fourth quarter. Truist Financial Corp now owns 29,029 shares of the energy company’s stock worth $6,237,000 after acquiring an additional 446 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Cheniere Energy by 6.6% in the fourth quarter. D.A. Davidson & CO. now owns 9,964 shares of the energy company’s stock worth $2,141,000 after acquiring an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Cheniere Energy by 1,217.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,304 shares of the energy company’s stock worth $280,000 after acquiring an additional 1,205 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.
Cheniere Energy Stock Performance
Shares of LNG opened at $232.86 on Friday. The company has a market cap of $51.65 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 4.90 and a beta of 0.43. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The stock has a 50-day moving average price of $233.83 and a 200-day moving average price of $225.74. Cheniere Energy has a 12-month low of $165.25 and a 12-month high of $257.65.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. As a group, equities analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.
Cheniere Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is presently 14.63%.
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.
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