Cheniere Energy (NYSE:LNG) PT Lowered to $206.00 at UBS Group

Cheniere Energy (NYSE:LNG) had its price objective decreased by UBS Group from $223.00 to $206.00 in a research report sent to investors on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the energy company’s stock.

Other analysts also recently issued research reports about the company. StockNews.com downgraded Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Barclays lifted their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an overweight rating in a research report on Wednesday, January 17th. Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a neutral rating and a $162.00 price objective on the stock. Finally, TD Cowen decreased their price objective on Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $193.90.

Cheniere Energy Trading Down 1.0 %

Shares of LNG opened at $157.36 on Wednesday. The company has a market cap of $36.30 billion, a P/E ratio of 3.89 and a beta of 0.94. 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 50-day simple moving average is $157.95. Cheniere Energy has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter last year, the company posted $15.78 EPS. As a group, analysts predict that Cheniere Energy will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.11%. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

Hedge Funds Weigh In On Cheniere Energy

Large investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC purchased a new position in Cheniere Energy in the 3rd quarter worth approximately $25,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy in the fourth quarter worth $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. Riverview Trust Co bought a new stake in Cheniere Energy in the first quarter worth $29,000. Finally, OFI Invest Asset Management purchased a new position in shares of Cheniere Energy in the third quarter worth $40,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy

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.