Cheniere Energy (NYSE:LNG) Price Target Raised to $214.00

Cheniere Energy (NYSE:LNGFree Report) had its price objective lifted by JPMorgan Chase & Co. from $213.00 to $214.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the energy company’s stock.

LNG has been the topic of several other reports. StockNews.com downgraded Cheniere Energy from a buy rating to a hold rating in a report on Monday, April 8th. Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a neutral rating and a $162.00 price objective for the company. UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a buy rating for the company in a research report on Wednesday, April 24th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a buy rating in a research report on Monday, May 6th. Finally, TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an outperform rating for the company in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $198.00.

Check Out Our Latest Report on LNG

Cheniere Energy Price Performance

Shares of LNG stock opened at $159.69 on Friday. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. The company’s 50 day moving average is $158.48. The stock has a market capitalization of $36.55 billion, a P/E ratio of 7.78 and a beta of 0.95.

Cheniere Energy (NYSE:LNGGet Free Report) last issued its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company posted $6.89 earnings per share. The company’s quarterly revenue was down 41.8% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy will post 8.54 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.09%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Sapient Capital LLC acquired a new stake in Cheniere Energy in the 4th quarter worth about $1,283,000. Mackenzie Financial Corp boosted its holdings in Cheniere Energy by 28.9% in the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after buying an additional 44,508 shares during the last quarter. Oak Thistle LLC acquired a new stake in Cheniere Energy in the 4th quarter worth about $1,144,000. Rheos Capital Works Inc. acquired a new stake in Cheniere Energy in the 4th quarter worth about $8,894,000. Finally, Riverstone Advisors LLC boosted its holdings in Cheniere Energy by 3.6% in the 4th quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock worth $2,540,000 after buying an additional 513 shares during the last quarter. 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.

Further Reading

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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