Cheniere Energy (NYSE:LNG) Price Target Raised to $247.00

Cheniere Energy (NYSE:LNG) had its target price increased by Scotiabank from $242.00 to $247.00 in a report published on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the energy company’s stock.

Other equities analysts have also issued reports about the stock. TD Cowen boosted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $231.64.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $234.36 on Tuesday. The stock has a market capitalization of $52.58 billion, a P/E ratio of 14.97 and a beta of 0.99. The business has a 50 day simple moving average of $221.70 and a two-hundred day simple moving average of $196.97. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company earned $2.37 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA grew its position in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after acquiring an additional 1,789,919 shares in the last quarter. Two Sigma Advisers LP increased its stake in Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after purchasing an additional 685,662 shares during the period. Darlington Partners Capital Management LP lifted its position in shares of Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.