Cheniere Energy, Inc. (NYSE:LNG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $201.89.

LNG has been the topic of several research analyst reports. TD Cowen increased their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth about $4,167,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cheniere Energy in the third quarter worth $10,315,000. Banque Cantonale Vaudoise boosted its holdings in Cheniere Energy by 6.7% during the third quarter. Banque Cantonale Vaudoise now owns 24,473 shares of the energy company's stock valued at $4,401,000 after purchasing an additional 1,531 shares in the last quarter. SouthState Corp grew its position in Cheniere Energy by 8.1% in the third quarter. SouthState Corp now owns 24,725 shares of the energy company's stock valued at $4,447,000 after acquiring an additional 1,863 shares during the period. Finally, BIP Wealth LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth about $629,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 1.4 %

Shares of NYSE:LNG traded up $2.89 during trading on Friday, reaching $204.88. The company's stock had a trading volume of 1,123,747 shares, compared to its average volume of 1,770,989. The stock has a market capitalization of $45.97 billion, a PE ratio of 12.90 and a beta of 0.94. The firm's 50 day simple moving average is $183.85 and its two-hundred day simple moving average is $174.06. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $205.77.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for 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 firm's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 EPS. On average, research analysts predict that Cheniere Energy will post 10.56 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, November 8th. Cheniere Energy's payout ratio is currently 11.11%.

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.