Cheniere Energy, Inc. (NYSE:LNG) Announces Quarterly Dividend of $0.44

Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend on Friday, April 26th, RTT News reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.435 per share by the energy company on Friday, May 17th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th.

Cheniere Energy has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cheniere Energy to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 18.1%.

Cheniere Energy Price Performance

LNG opened at $159.14 on Friday. The company has a market cap of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock’s 50 day moving average is $157.96.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s revenue for the quarter was down 46.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $15.78 EPS. As a group, sell-side analysts anticipate that Cheniere Energy will post 8.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group reduced their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, TD Cowen decreased their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.90.

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.