Cheniere Energy (NYSE:LNG) Given New $202.00 Price Target at Barclays

Cheniere Energy (NYSE:LNG) had its price target raised by Barclays from $199.00 to $202.00 in a report released on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the energy company’s stock.

Other analysts have also issued reports about the company. TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $182.12 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The business’s 50 day moving average price is $183.11 and its 200-day moving average price is $171.32. The firm has a market capitalization of $41.69 billion, a PE ratio of 8.87 and a beta of 0.94. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $193.16.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. As a group, equities research analysts expect that Cheniere Energy will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a $0.775 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s payout ratio is currently 8.48%.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in Cheniere Energy by 9.8% in the third quarter. Raymond James & Associates now owns 310,715 shares of the energy company’s stock valued at $55,879,000 after purchasing an additional 27,669 shares during the period. Blue Trust Inc. raised its holdings in shares of Cheniere Energy by 205.4% in the 3rd quarter. Blue Trust Inc. now owns 1,417 shares of the energy company’s stock valued at $248,000 after buying an additional 953 shares during the period. Precedent Wealth Partners LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $581,000. Stratos Investment Management LLC raised its holdings in shares of Cheniere Energy by 5.6% in the 3rd quarter. Stratos Investment Management LLC now owns 23,635 shares of the energy company’s stock valued at $4,251,000 after buying an additional 1,251 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Cheniere Energy by 18.4% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,773 shares of the energy company’s stock valued at $319,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

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.