Cheniere Energy (NYSE:LNG) PT Raised to $217.00

Cheniere Energy (NYSE:LNG) had its price target boosted by Royal Bank of Canada from $201.00 to $217.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the energy company’s stock.

LNG has been the topic of several other reports. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Stock Down 0.2 %

Cheniere Energy stock opened at $182.12 on Wednesday. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $193.16. The company has a market cap of $41.69 billion, a PE ratio of 8.87 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The business’s 50-day simple moving average is $183.11 and its two-hundred day simple moving average is $171.32.

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

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a $0.775 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 1.70%. Cheniere Energy’s dividend payout ratio is 8.48%.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after purchasing an additional 6,235 shares during the period. Sei Investments Co. lifted its position in shares of 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 purchasing an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after purchasing an additional 16,044 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after purchasing an additional 42,737 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Cheniere Energy in the first quarter worth $818,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.