Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Receives Consensus Rating of “Buy” from Analysts

Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) has been given an average recommendation of “Buy” by the eleven analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $175.10.

A number of equities research analysts have recently commented on LNG shares. Mizuho increased their price objective on Cheniere Energy from $167.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th. Raymond James increased their price objective on Cheniere Energy from $175.00 to $178.00 and gave the company a “strong-buy” rating in a research report on Friday, August 5th. Morgan Stanley increased their price objective on Cheniere Energy from $154.00 to $203.00 in a research report on Thursday. Barclays increased their price objective on Cheniere Energy from $160.00 to $186.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. Finally, Royal Bank of Canada increased their price objective on Cheniere Energy from $184.00 to $199.00 and gave the company an “outperform” rating in a research report on Wednesday, September 14th.

Insider Transactions at Cheniere Energy

In other news, SVP Aaron D. Stephenson sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total value of $504,630.00. Following the transaction, the senior vice president now directly owns 56,016 shares of the company’s stock, valued at $9,422,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of LNG. Federated Hermes Inc. boosted its holdings in Cheniere Energy by 1.5% during the second quarter. Federated Hermes Inc. now owns 598,642 shares of the energy company’s stock valued at $79,637,000 after acquiring an additional 8,783 shares during the period. B. Riley Wealth Management Inc. boosted its holdings in Cheniere Energy by 31.1% during the second quarter. B. Riley Wealth Management Inc. now owns 2,064 shares of the energy company’s stock valued at $275,000 after acquiring an additional 490 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Cheniere Energy by 2.7% during the second quarter. Royal London Asset Management Ltd. now owns 68,450 shares of the energy company’s stock valued at $9,106,000 after acquiring an additional 1,778 shares during the period. Verition Fund Management LLC boosted its holdings in Cheniere Energy by 60.8% during the second quarter. Verition Fund Management LLC now owns 94,045 shares of the energy company’s stock valued at $12,511,000 after acquiring an additional 35,561 shares during the period. Finally, Prelude Capital Management LLC boosted its holdings in Cheniere Energy by 28.4% during the second quarter. Prelude Capital Management LLC now owns 55,920 shares of the energy company’s stock valued at $7,439,000 after acquiring an additional 12,375 shares during the period. 88.17% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $167.25 on Monday. The company has a market capitalization of $41.78 billion, a price-to-earnings ratio of -18.08 and a beta of 1.26. The company has a debt-to-equity ratio of 24.30, a current ratio of 1.08 and a quick ratio of 0.93. Cheniere Energy has a 1-year low of $84.19 and a 1-year high of $178.62.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last released its earnings results on Thursday, August 4th. The energy company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.07. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the firm posted ($1.30) earnings per share. The firm’s revenue for the quarter was up 165.4% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy 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. Stockholders of record on Tuesday, August 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, August 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently -14.27%.

Cheniere Energy Company Profile

(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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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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