Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on February 7th

Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.50 per share by the energy company on Friday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, February 7th.

Cheniere Energy has a payout ratio of 105.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cheniere Energy to earn $11.70 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 35.4%.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $231.79 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $52.01 billion, a PE ratio of 14.78 and a beta of 0.98. The stock has a fifty day moving average of $223.51 and a 200-day moving average of $200.30. Cheniere Energy has a one year low of $152.31 and a one year high of $257.65.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LNG. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Scotiabank increased their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $234.25.

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.