Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $201.89

Shares of Cheniere Energy, Inc. (NYSE:LNG) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $201.89.

A number of equities analysts recently issued reports on the stock. TD Cowen increased their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in LNG. Crewe Advisors LLC bought a new stake in Cheniere Energy in the first quarter worth $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its position in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the third quarter valued at approximately $27,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.8 %

Shares of NYSE LNG opened at $205.67 on Friday. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $206.18. The company has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41. The stock’s 50 day simple moving average is $184.62 and its 200 day simple moving average is $174.68.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Equities research analysts expect that Cheniere Energy will post 10.84 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 11.11%.

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.