Cheniere Energy (NYSE:LNG) Price Target Raised to $265.00 at TD Cowen

Cheniere Energy (NYSE:LNG) had its price objective increased by TD Cowen from $260.00 to $265.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the energy company’s stock.

A number of other research analysts also recently weighed in on LNG. UBS Group reissued a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.08.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $236.72 on Wednesday. The stock has a market capitalization of $52.50 billion, a P/E ratio of 17.32, a P/E/G ratio of 5.00 and a beta of 0.43. Cheniere Energy has a 1-year low of $167.66 and a 1-year high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average price of $234.26 and a two-hundred day moving average price of $225.92.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts predict that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s dividend payout ratio is 14.63%.

Insider Buying and Selling

In other news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Cheniere Energy in the fourth quarter worth $629,197,000. Nuveen LLC acquired a new stake in Cheniere Energy in the 1st quarter valued at $294,793,000. Two Sigma Advisers LP grew its holdings in shares of Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company’s stock valued at $354,858,000 after acquiring an additional 756,900 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $130,772,000. Finally, Proficio Capital Partners LLC increased its position in shares of Cheniere Energy by 18,281.6% during the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock worth $123,743,000 after purchasing an additional 572,764 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

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.