Cheniere Energy (NYSE:LNG) PT Raised to $202.00 at Barclays

by · The Cerbat Gem

Cheniere Energy (NYSE:LNG – Free Report) had its price target increased by Barclays from $199.00 to $202.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the energy company’s stock.

Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Monday, June 24th. They set an outperform rating for the company. Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a buy rating for the company in a research note on Friday, August 9th. Finally, TD Cowen lifted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a buy rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $195.43.

Read Our Latest Analysis on LNG

Cheniere Energy Stock Performance

Shares of LNG stock opened at $183.78 on Tuesday. The company’s fifty day moving average price is $182.99 and its 200-day moving average price is $171.00. The stock has a market cap of $42.07 billion, a PE ratio of 8.95 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. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $193.16.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data 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 net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. On average, equities analysts expect that Cheniere Energy will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 1.69%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s payout ratio is presently 8.48%.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after acquiring an additional 273,588 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Cheniere Energy by 7.4% in the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after acquiring an additional 202,097 shares during the period. Canada Pension Plan Investment Board boosted its position in Cheniere Energy by 5.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cheniere Energy by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after purchasing an additional 240,427 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

(Get Free Report)

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.

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