Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) PT at $212.89

Cheniere Energy, Inc. (NYSE:LNG) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $216.56.

Several equities research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Castellan Group purchased a new stake in Cheniere Energy during the third quarter valued at about $5,515,000. Wilmington Savings Fund Society FSB bought a new position in shares of Cheniere Energy during the 3rd quarter valued at $159,000. World Investment Advisors LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $225,000. Sanctuary Advisors LLC grew its holdings in Cheniere Energy by 4.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,034 shares of the energy company’s stock worth $8,818,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Aldebaran Financial Inc. increased its stake in shares of Cheniere Energy by 26.1% during the third quarter. Aldebaran Financial Inc. now owns 5,195 shares of the energy company’s stock valued at $934,000 after buying an additional 1,076 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.8 %

LNG stock opened at $221.93 on Tuesday. The company has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97. The business has a 50 day moving average price of $200.29 and a two-hundred day moving average price of $183.27. Cheniere Energy has a twelve month low of $152.31 and a twelve month high of $228.10. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.