Cheniere Energy, Inc. (NYSE:LNG) Receives $267.53 Average PT from Analysts

by · The Markets Daily

Cheniere Energy, Inc. (NYSE:LNGGet Free Report) has received an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $267.5333.

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Bank of America cut their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Raymond James Financial restated a “strong-buy” rating and set a $278.00 price objective (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. Finally, Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th.

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Cheniere Energy Stock Down 1.2%

LNG opened at $194.18 on Wednesday. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The company has a market capitalization of $41.79 billion, a P/E ratio of 10.82, a P/E/G ratio of 6.31 and a beta of 0.26. The stock has a fifty day moving average of $201.04 and a 200-day moving average of $221.77.

Cheniere Energy (NYSE:LNGGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the firm earned $3.93 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities analysts expect that Cheniere Energy will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were given a $0.555 dividend. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Activity

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of Cheniere Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $957,425,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Cheniere Energy in the second quarter worth approximately $384,806,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Cheniere Energy by 704.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after acquiring an additional 833,723 shares during the period. AustralianSuper Pty Ltd bought a new stake in Cheniere Energy in the third quarter valued at approximately $142,688,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cheniere Energy by 33.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock valued at $470,151,000 after purchasing an additional 504,960 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

(Get Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

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