Cheniere Energy (NYSE:LNG) Price Target Raised to $290.00

Cheniere Energy (NYSE:LNG) had its price objective hoisted by TD Cowen from $280.00 to $290.00 in a research note released on Tuesday, Marketbeat reports. TD Cowen currently has a buy rating on the energy company’s stock.

A number of other research analysts also recently commented on LNG. Barclays increased their price target on shares of Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of Cheniere Energy in a research report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a research note on Friday, August 7th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $299.88.

Cheniere Energy Stock Down 0.5%

NYSE LNG opened at $266.81 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market capitalization of $55.10 billion, a P/E ratio of 19.87 and a beta of -0.01. Cheniere Energy has a one year low of $186.20 and a one year high of $300.89. The stock has a 50 day moving average price of $251.02 and a 200-day moving average price of $248.28.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s dividend payout ratio is 16.53%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LNG. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter worth $26,000. Financial Life Planners purchased a new stake in Cheniere Energy in the first quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Finally, Community Financial Services Group LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $29,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

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.