Cheniere Energy (NYSE:LNG) Hits New 52-Week High - Here's What Happened

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $229.63 and last traded at $226.62, with a volume of 143179 shares traded. The stock had previously closed at $225.19.

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday. They issued a "sector outperform" rating and a $242.00 price target for the company. Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $226.55.

Cheniere Energy Stock Up 0.0 %

The firm has a market capitalization of $50.55 billion, a P/E ratio of 14.39 and a beta of 0.99. The business has a 50 day moving average price of $215.00 and a 200 day moving average price of $192.81. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

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

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio is currently 12.77%.

Institutional Investors Weigh In On Cheniere Energy

Hedge funds have recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy in the 3rd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC raised its stake in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy in the second quarter worth $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in Cheniere Energy during the third quarter worth $53,000. 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.