Cheniere Energy (NYSE:LNG) Given New $334.00 Price Target at JPMorgan Chase & Co.

Cheniere Energy (NYSE:LNG) had its price target boosted by JPMorgan Chase & Co. from $327.00 to $334.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Several other research analysts have also recently issued reports on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Morgan Stanley decreased their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group lifted their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Finally, UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $298.88.

Cheniere Energy Price Performance

NYSE LNG opened at $269.27 on Friday. The company has a 50-day moving average price of $244.52 and a two-hundred day moving average price of $242.07. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $300.89. The stock has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Institutional Investors Weigh In On Cheniere Energy

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after acquiring an additional 414,022 shares during the last quarter. State Street Corp lifted its holdings in shares of Cheniere Energy by 2.8% during the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after acquiring an additional 167,622 shares during the period. Norges Bank bought a new position in Cheniere Energy during the fourth quarter worth about $731,774,000. Victory Capital Management Inc. lifted its position in shares of Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after buying an additional 253,469 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cheniere Energy by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after acquiring an additional 134,695 shares during the period. 87.26% of the stock is currently owned by institutional investors.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.