Cheniere Energy (NYSE:LNG) Sets New 1-Year High - Here's Why

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $207.60 and last traded at $207.60, with a volume of 3498 shares trading hands. The stock had previously closed at $205.67.

Analyst Ratings Changes

Several brokerages recently commented on LNG. Royal Bank of Canada boosted 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. Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. TD Cowen raised their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $201.89.

Cheniere Energy Trading Up 4.5 %

The business's 50-day moving average price is $184.62 and its 200-day moving average price is $174.80. The firm has a market capitalization of $48.21 billion, a PE ratio of 13.59 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $2.37 EPS. Cheniere Energy's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 11.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LNG. MCF Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the third quarter worth about $27,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the third quarter valued at about $28,000. Institutional investors and hedge funds 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.