Royal Bank Of Canada Cuts Cheniere Energy (NYSE:LNG) Price Target to $271.00

Cheniere Energy (NYSE:LNG) had its target price decreased by Royal Bank Of Canada from $282.00 to $271.00 in a report issued on Wednesday,MarketScreener reports. Royal Bank Of Canada currently has an outperform rating on the energy company’s stock.

Other analysts have also issued reports about the company. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a research note on Sunday, January 25th. Citigroup lowered their target price on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a report on Monday, January 12th. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Weiss Ratings cut shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Trading Down 0.7%

Shares of LNG opened at $211.57 on Wednesday. The stock has a market cap of $45.54 billion, a PE ratio of 11.79, a P/E/G ratio of 6.65 and a beta of 0.26. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $246.42. The stock’s 50-day moving average is $199.32 and its two-hundred day moving average is $218.23.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.Cheniere Energy’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.93 EPS. Equities analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Insider Buying and Selling

In other news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Cheniere Energy

A number of hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its holdings in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after acquiring an additional 90 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the third quarter worth $27,000. Finally, Hilltop National Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $28,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.