Cheniere Energy, Inc. (NYSE:LNG) Announces $0.50 Quarterly Dividend

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.50 per share by the energy company on Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 8th.

Cheniere Energy has a dividend payout ratio of 105.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cheniere Energy to earn $10.96 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 37.8%.

Cheniere Energy Stock Performance

NYSE LNG opened at $197.66 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $44.35 billion, a P/E ratio of 12.62 and a beta of 0.94. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $200.32. The firm has a 50-day moving average price of $183.85 and a two-hundred day moving average price of $174.06.

Cheniere Energy (NYSE:LNG) last posted 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. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 EPS. Analysts anticipate that Cheniere Energy will post 10.11 earnings per share for the current year.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $201.89.

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.