Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) declared a quarterly dividend on Tuesday, April 26th, RTT News reports. Investors of record on Tuesday, May 10th will be paid a dividend of 0.33 per share by the energy company on Tuesday, May 17th. This represents a $1.32 annualized dividend and a yield of 0.97%.
Cheniere Energy has a dividend payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cheniere Energy to earn $9.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.5%.
LNG stock traded down $0.21 during trading hours on Tuesday, hitting $135.49. The company’s stock had a trading volume of 2,528,591 shares, compared to its average volume of 2,275,287. The company has a quick ratio of 0.93, a current ratio of 1.08 and a debt-to-equity ratio of 24.30. The company has a market capitalization of $34.47 billion, a price-to-earnings ratio of -14.18 and a beta of 1.26. Cheniere Energy has a 12 month low of $74.21 and a 12 month high of $149.42.
LNG has been the subject of a number of analyst reports. Raymond James boosted their price target on Cheniere Energy from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 20th. Sanford C. Bernstein boosted their target price on Cheniere Energy from $129.00 to $134.00 in a report on Thursday, February 17th. Royal Bank of Canada increased their price target on Cheniere Energy from $116.00 to $151.00 and gave the company an “outperform” rating in a report on Tuesday, March 8th. Mizuho boosted their price objective on shares of Cheniere Energy from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, February 25th. Finally, Barclays lifted their target price on shares of Cheniere Energy from $131.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $136.00.
In related news, Director Neal A. Shear sold 10,318 shares of Cheniere Energy stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $140.16, for a total transaction of $1,446,170.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.66% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in Cheniere Energy by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 5,354 shares of the energy company’s stock valued at $543,000 after buying an additional 121 shares during the period. NewEdge Advisors LLC boosted its position in shares of Cheniere Energy by 5.8% during the 4th quarter. NewEdge Advisors LLC now owns 4,397 shares of the energy company’s stock valued at $446,000 after acquiring an additional 241 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Cheniere Energy by 8.9% in the fourth quarter. Advisors Asset Management Inc. now owns 4,990 shares of the energy company’s stock valued at $506,000 after acquiring an additional 406 shares during the period. Toroso Investments LLC raised its position in Cheniere Energy by 14.0% in the fourth quarter. Toroso Investments LLC now owns 3,950 shares of the energy company’s stock worth $401,000 after purchasing an additional 485 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in Cheniere Energy by 9.7% during the fourth quarter. MML Investors Services LLC now owns 6,017 shares of the energy company’s stock worth $610,000 after purchasing an additional 531 shares during the period. 88.17% of the stock is owned by hedge funds and other institutional investors.
About Cheniere Energy (Get Rating)
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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