Analysts Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $201.89

Cheniere Energy, Inc. (NYSE:LNG) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $201.89.

Several research firms have weighed in on LNG. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Stifel Nicolaus cut their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th.

Cheniere Energy Price Performance

LNG opened at $210.61 on Friday. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 13.45 and a beta of 0.94. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $217.95. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a fifty day moving average price of $186.42 and a 200 day moving average price of $175.82.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the firm earned $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts forecast that Cheniere Energy will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in Cheniere Energy by 6.7% during the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after buying an additional 11,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after buying an additional 42,737 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Cheniere Energy during the first quarter worth about $818,000. M&G PLC grew its position in Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after buying an additional 46,602 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Cheniere Energy by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 270,185 shares of the energy company’s stock worth $42,581,000 after buying an additional 24,498 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

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.