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

Cheniere Energy (NYSE:LNG) had its target price hoisted by Barclays from $199.00 to $202.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Several other research analysts have also recently commented on the company. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Finally, TD Cowen upped their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Price Performance

LNG stock opened at $182.12 on Tuesday. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $193.16. The company has a market capitalization of $41.69 billion, a PE ratio of 8.87 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The business’s fifty day moving average price is $183.11 and its 200 day moving average price is $171.32.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, sell-side analysts anticipate that Cheniere Energy will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

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

Institutional Trading of Cheniere Energy

A number of large investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Cheniere Energy by 9.8% in the 3rd 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. boosted its position 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 purchasing an additional 953 shares during the period. Precedent Wealth Partners LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $581,000. Stratos Investment Management LLC boosted its position 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 purchasing an additional 1,251 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position 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 purchasing an additional 275 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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.