Redburn Atlantic Initiates Coverage on Cheniere Energy (NYSE:LNG)

Redburn Atlantic started coverage on shares of Cheniere Energy (NYSE:LNG) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $162.00 price objective on the energy company’s stock.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. Finally, TD Cowen reduced their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $193.30.

Cheniere Energy Trading Down 0.2 %

Shares of Cheniere Energy stock opened at $154.09 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The firm’s fifty day moving average is $158.34. The stock has a market cap of $36.16 billion, a P/E ratio of 3.80 and a beta of 0.94. Cheniere Energy has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue was down 46.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $15.78 EPS. Analysts predict that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

Institutional Trading of Cheniere Energy

Institutional investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its stake in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after acquiring an additional 60 shares during the period. Mutual Advisors LLC lifted its stake in Cheniere Energy by 1.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after acquiring an additional 64 shares during the period. Xcel Wealth Management LLC lifted its stake in Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after acquiring an additional 65 shares during the period. Winch Advisory Services LLC lifted its stake in Cheniere Energy by 11.4% during the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares during the period. Finally, Simon Quick Advisors LLC lifted its stake in Cheniere Energy by 3.1% during the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Company Profile

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.