Cheniere Energy, Inc. (NYSE:LNG) Receives Average Recommendation of “Buy” from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNG) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $252.23.

A number of brokerages have issued reports on LNG. JPMorgan Chase & Co. raised their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. TD Cowen raised their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Wall Street Zen lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Raymond James reiterated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LNG. Geneos Wealth Management Inc. increased its position in shares of Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after purchasing an additional 43 shares during the last quarter. Altman Advisors Inc. grew its stake in Cheniere Energy by 0.4% during the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock worth $2,348,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after acquiring an additional 46 shares during the last quarter. Greenleaf Trust grew its position in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock worth $975,000 after purchasing an additional 46 shares during the last quarter. Finally, Hemington Wealth Management grew its holdings in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after buying an additional 48 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $229.13 on Tuesday. Cheniere Energy has a one year low of $153.03 and a one year high of $257.65. The business’s fifty day moving average price is $227.82 and its two-hundred day moving average price is $223.41. The stock has a market cap of $50.82 billion, a PE ratio of 16.10 and a beta of 0.41. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the business earned $2.13 EPS. Cheniere Energy’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, analysts forecast that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Cheniere Energy’s payout ratio is currently 14.63%.

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.