Cheniere Energy (NYSE:LNG) Sets New 12-Month High Following Analyst Upgrade

Cheniere Energy, Inc. (NYSE:LNG) shares hit a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at $188.77.

Other equities analysts have also issued research reports about the stock. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays raised their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth about $26,000. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $27,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.6 %

The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The firm has a 50 day moving average of $183.85 and a 200 day moving average of $174.06. The firm has a market cap of $44.72 billion, a PE ratio of 12.62 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly 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. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 42.29% and a net margin of 22.70%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 10.11 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 1.01%. Cheniere Energy’s dividend payout ratio is currently 11.11%.

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.