Cheniere Energy (NYSE:LNG) Given New $206.00 Price Target at UBS Group

Cheniere Energy (NYSE:LNG) had its price target decreased by UBS Group from $223.00 to $206.00 in a report released on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the energy company’s stock.

LNG has been the topic of several other reports. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They issued a neutral rating and a $162.00 price objective on the stock. TD Cowen cut their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Finally, Barclays boosted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of Moderate Buy and a consensus price target of $193.90.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $157.36 on Wednesday. The business has a 50-day simple moving average of $157.95. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a market cap of $36.30 billion, a P/E ratio of 3.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period last year, the firm posted $15.78 EPS. As a group, sell-side analysts predict that Cheniere Energy will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. Cheniere Energy’s dividend payout ratio is currently 4.30%.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently made changes to their positions in LNG. CWM LLC grew its stake in shares of Cheniere Energy by 13.4% in the 3rd quarter. CWM LLC now owns 3,649 shares of the energy company’s stock worth $606,000 after purchasing an additional 432 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Cheniere Energy by 133.3% in the third quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock worth $58,000 after acquiring an additional 200 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Cheniere Energy by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 92,106 shares of the energy company’s stock worth $15,286,000 after acquiring an additional 1,545 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter worth approximately $219,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Cheniere Energy in the third quarter worth approximately $208,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.