Shares of Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) reached a new 52-week high on Tuesday after TD Cowen raised their price target on the stock from $192.00 to $202.00. TD Cowen currently has a buy rating on the stock. Cheniere Energy traded as high as $193.61 and last traded at $193.08, with a volume of 501460 shares traded. The stock had previously closed at $188.77.
LNG has been the subject of several other reports. 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 report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price on the stock. Finally, Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus price target of $201.89.
Read Our Latest Stock Report on LNG
Institutional Investors Weigh In On Cheniere Energy
A number of hedge funds have recently added to or reduced their stakes in the stock. Octavia Wealth Advisors LLC grew its position in shares of Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after acquiring an additional 54 shares during the period. Signature Wealth Management Group lifted its position in shares of Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after acquiring an additional 66 shares in the last quarter. Sapient Capital LLC boosted its stake in shares of Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after acquiring an additional 67 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after acquiring an additional 68 shares during the period. Finally, Accordant Advisory Group Inc grew its position in shares of Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock worth $3,389,000 after purchasing an additional 76 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
Cheniere Energy Price Performance
The firm has a 50 day moving average of $183.38 and a 200-day moving average of $173.68. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The company has a market cap of $43.57 billion, a P/E ratio of 12.05 and a beta of 0.94.
Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 earnings per share. On average, equities research analysts predict that Cheniere Energy, Inc. will post 10.11 EPS for the current year.
Cheniere Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 11.11%.
About Cheniere Energy
(
Get Free Report)
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.
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