Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on August 8th

Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) announced a quarterly dividend on Tuesday, July 26th, RTT News reports. Shareholders of record on Tuesday, August 9th will be given a dividend of 0.33 per share by the energy company on Tuesday, August 16th. This represents a $1.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, August 8th.

Cheniere Energy has a payout ratio of 9.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cheniere Energy to earn $9.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.5%.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $146.77 on Friday. The company has a debt-to-equity ratio of 24.30, a quick ratio of 0.93 and a current ratio of 1.08. Cheniere Energy has a 12 month low of $82.15 and a 12 month high of $150.61. The firm has a market capitalization of $37.30 billion, a price-to-earnings ratio of -15.87 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.84). The business had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $6.42 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The company’s revenue for the quarter was up 165.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.30) earnings per share. Sell-side analysts predict that Cheniere Energy will post 10.91 earnings per share for the current year.

Analyst Ratings Changes

LNG has been the subject of several research analyst reports. Raymond James raised their price target on Cheniere Energy from $175.00 to $178.00 and gave the company a “strong-buy” rating in a report on Friday. Wells Fargo & Company raised their price target on Cheniere Energy from $162.00 to $185.00 in a report on Monday, May 9th. Royal Bank of Canada raised their price target on Cheniere Energy from $178.00 to $179.00 and gave the company an “outperform” rating in a report on Tuesday, July 12th. JPMorgan Chase & Co. raised their price objective on Cheniere Energy from $183.00 to $192.00 in a research note on Thursday, May 12th. Finally, Mizuho raised their price objective on Cheniere Energy from $159.00 to $167.00 in a research note on Friday. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $162.18.

Hedge Funds Weigh In On Cheniere Energy

A number of large investors have recently bought and sold shares of the business. Covestor Ltd grew its position in shares of Cheniere Energy by 134.3% in the first quarter. Covestor Ltd now owns 396 shares of the energy company’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in Cheniere Energy by 42.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,000 shares of the energy company’s stock valued at $139,000 after acquiring an additional 300 shares during the last quarter. United Capital Financial Advisers LLC acquired a new position in Cheniere Energy in the first quarter valued at approximately $200,000. Moors & Cabot Inc. acquired a new position in Cheniere Energy in the first quarter valued at approximately $206,000. Finally, Sawtooth Solutions LLC acquired a new position in Cheniere Energy in the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

Cheniere Energy Company Profile

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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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.

Further Reading

Dividend History for Cheniere Energy (NYSEAMERICAN:LNG)

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