Cheniere Energy (NYSE:LNG) Given New $235.00 Price Target at Wells Fargo & Company

Cheniere Energy (NYSE:LNG) had its target price upped by Wells Fargo & Company from $213.00 to $235.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Other equities research analysts have also recently issued reports about the stock. TD Cowen raised their target price 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. Barclays lifted their price target 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. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, Stifel Nicolaus boosted their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Cheniere Energy Trading Down 1.1 %

Shares of Cheniere Energy stock traded down $2.33 during trading hours on Wednesday, reaching $204.32. 415,058 shares of the company’s stock were exchanged, compared to its average volume of 1,754,576. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $228.10. The company has a fifty day moving average of $204.45 and a 200-day moving average of $186.38. 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 firm has a market capitalization of $45.84 billion, a price-to-earnings ratio of 13.05 and a beta of 0.97.

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

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds have recently modified their holdings of the stock. Castellan Group purchased a new stake in shares of Cheniere Energy during the third quarter valued at approximately $5,515,000. Wilmington Savings Fund Society FSB purchased a new position in Cheniere Energy in the 3rd quarter valued at about $159,000. World Investment Advisors LLC acquired a new stake in shares of Cheniere Energy during the third quarter valued at about $225,000. Sanctuary Advisors LLC lifted its stake in shares of Cheniere Energy by 4.1% in the third 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 in the last quarter. Finally, Aldebaran Financial Inc. boosted its holdings in Cheniere Energy by 26.1% in the third quarter. Aldebaran Financial Inc. now owns 5,195 shares of the energy company’s stock valued at $934,000 after purchasing an additional 1,076 shares during the last quarter. 87.26% of the stock is currently 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.