Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $225.00

Shares of Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $225.00.

Several analysts have recently weighed in on LNG shares. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 target price on the stock. Royal Bank of Canada lifted 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. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th.

Cheniere Energy Stock Performance

Cheniere Energy stock traded up $0.21 during trading hours on Friday, hitting $210.48. The stock had a trading volume of 678,099 shares, compared to its average volume of 1,752,665. The company has a 50-day moving average of $207.72 and a two-hundred day moving average of $188.82. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $228.10. The company has a market cap of $47.22 billion, a PE ratio of 13.44 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $2.37 earnings per share. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio is currently 12.77%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock worth $238,173,000 after purchasing an additional 37,729 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company's stock worth $2,323,000 after buying an additional 3,828 shares during the last quarter. M&G PLC lifted its holdings in Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company's stock valued at $48,390,000 after buying an additional 46,602 shares during the period. Nwam LLC bought a new position in Cheniere Energy in the third quarter valued at approximately $2,747,000. Finally, Victory Capital Management Inc. grew its holdings in Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock worth $20,436,000 after acquiring an additional 2,768 shares during the period. Institutional investors own 87.26% of the company's stock.

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.