Cheniere Energy (NYSEAMERICAN:LNG) Shares Gap Up Following Analyst Upgrade

Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating)’s share price gapped up prior to trading on Tuesday after Mizuho raised their price target on the stock from $167.00 to $174.00. The stock had previously closed at $160.73, but opened at $165.00. Mizuho currently has a buy rating on the stock. Cheniere Energy shares last traded at $166.62, with a volume of 32,066 shares.

Other equities research analysts also recently issued research reports about the company. Barclays upped their price target on Cheniere Energy from $160.00 to $186.00 and gave the stock an “overweight” rating in a report on Tuesday, August 16th. Royal Bank of Canada upped their price objective on Cheniere Energy from $179.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, Raymond James upped their price objective on Cheniere Energy from $175.00 to $178.00 and gave the company a “strong-buy” rating in a research note on Friday, August 5th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $165.64.

Insider Buying and Selling

In other Cheniere Energy news, SVP Aaron D. Stephenson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $168.21, for a total transaction of $504,630.00. Following the completion of the sale, the senior vice president now owns 56,016 shares of the company’s stock, valued at $9,422,451.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in shares of Cheniere Energy by 7,646.2% in the second quarter. Alps Advisors Inc. now owns 5,989,787 shares of the energy company’s stock worth $276,836,000 after acquiring an additional 5,912,462 shares in the last quarter. Capital World Investors acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $391,652,000. Price T Rowe Associates Inc. MD boosted its position in Cheniere Energy by 1,795.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,545,865 shares of the energy company’s stock worth $338,676,000 after acquiring an additional 2,411,551 shares during the last quarter. Steadfast Capital Management LP acquired a new stake in Cheniere Energy during the first quarter worth approximately $325,176,000. Finally, JPMorgan Chase & Co. raised its stake in Cheniere Energy by 145.3% during the first quarter. JPMorgan Chase & Co. now owns 3,423,223 shares of the energy company’s stock worth $474,631,000 after purchasing an additional 2,027,899 shares during the period. Institutional investors own 88.17% of the company’s stock.

Cheniere Energy Stock Performance

The company has a debt-to-equity ratio of 24.30, a quick ratio of 0.93 and a current ratio of 1.08. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of -17.91 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last issued its earnings results on Thursday, August 4th. The energy company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.07. The business had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $6.42 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The business’s revenue for the quarter was up 165.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.30) EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 10.91 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.80%. Cheniere Energy’s dividend payout ratio (DPR) is -14.27%.

Cheniere Energy Company Profile

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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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