Cheniere Energy, Inc. (NYSE:LNG) Receives $239.79 Average Target Price from Brokerages

Cheniere Energy, Inc. (NYSE:LNG) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $239.79.

LNG has been the subject of several recent research reports. Argus began coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus upped their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays increased their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th.

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the last quarter. WR Wealth Planners LLC boosted its position in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after acquiring an additional 97 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the fourth quarter worth $29,000. Finally, Banque Transatlantique SA purchased a new stake in Cheniere Energy during the fourth quarter valued at $32,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 6.2 %

Shares of NYSE:LNG opened at $217.87 on Monday. The firm has a market capitalization of $48.73 billion, a P/E ratio of 15.31 and a beta of 0.67. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a 50 day moving average price of $220.05 and a 200-day moving average price of $212.97. Cheniere Energy has a 52-week low of $152.88 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, equities research analysts anticipate that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. Cheniere Energy’s payout ratio is currently 14.05%.

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.