Cheniere Energy (NYSE:LNG) Coverage Initiated by Analysts at Scotiabank

Scotiabank started coverage on shares of Cheniere Energy (NYSE:LNG) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued a sector outperform rating and a $242.00 target price on the energy company’s stock.

Several other research firms also recently commented on LNG. TD Cowen boosted their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $226.55.

Cheniere Energy Stock Up 0.0 %

Shares of Cheniere Energy stock opened at $225.30 on Friday. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $229.63. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 14.39 and a beta of 0.99. The company has a 50-day moving average of $215.00 and a 200 day moving average of $192.81. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s payout ratio is 12.77%.

Institutional Trading of Cheniere Energy

Several large investors have recently modified their holdings of the company. Insight Wealth Strategies LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $4,455,000. Continuum Advisory LLC grew its position in Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after buying an additional 3,828 shares during the period. Jennison Associates LLC increased its holdings in Cheniere Energy by 2.9% during the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the last quarter. M&G PLC raised its position in Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after acquiring an additional 46,602 shares during the period. Finally, Nwam LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth $2,747,000. Institutional investors own 87.26% of the company’s stock.

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.