Cheniere Energy (NYSE:LNG) Coverage Initiated at Scotiabank

Scotiabank initiated coverage on shares of Cheniere Energy (NYSE:LNG - Free Report) in a research report report published on Friday morning, MarketBeat Ratings reports. The brokerage issued a sector outperform rating and a $242.00 target price on the energy company's stock.

A number of other equities research analysts have also commented on LNG. Barclays upped their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. TD Cowen increased their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $226.55.

Cheniere Energy Trading Up 0.0 %

Cheniere Energy stock traded up $0.11 during trading hours on Friday, hitting $225.30. The stock had a trading volume of 1,630,983 shares, compared to its average volume of 1,513,864. The business's 50 day simple moving average is $214.24 and its 200-day simple moving average is $192.40. Cheniere Energy has a one year low of $152.31 and a one year high of $229.63. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 14.39 and a beta of 0.99. 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 (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm's revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.37 EPS. On average, equities analysts predict that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LNG. Wellington Management Group LLP raised its position in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after buying an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock valued at $342,221,000 after acquiring an additional 1,834,347 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock valued at $160,885,000 after acquiring an additional 685,662 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock worth $264,720,000 after purchasing an additional 647,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock worth $921,503,000 after purchasing an additional 413,744 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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.