Cheniere Energy (NYSE:LNG) Now Covered by Scotiabank

Scotiabank started coverage on shares of Cheniere Energy (NYSE:LNG) in a report released on Friday morning, MarketBeat reports. The firm issued a sector outperform rating and a $242.00 target price on the energy company’s stock.

Several other analysts have also recently issued reports on LNG. The Goldman Sachs Group upped their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. UBS Group upped their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, TD Cowen lifted their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.55.

Cheniere Energy Trading Up 0.0 %

Shares of LNG stock opened at $225.30 on Friday. 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 firm has a market capitalization of $50.55 billion, a PE ratio of 14.39 and a beta of 0.99. The stock has a fifty day simple moving average of $215.00 and a two-hundred day simple moving average of $192.81. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $229.63.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 earnings per share. On average, analysts predict that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Institutional Trading of Cheniere Energy

A number of large investors have recently modified their holdings of LNG. Bank of New York Mellon Corp purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth $441,000. Commonwealth Equity Services LLC lifted its stake in Cheniere Energy by 2.7% in the second quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock worth $1,001,000 after acquiring an additional 534 shares during the period. Acadian Asset Management LLC bought a new position in Cheniere Energy during the 2nd quarter worth about $1,708,000. Choreo LLC purchased a new position in Cheniere Energy during the 2nd quarter valued at about $744,000. Finally, MGO One Seven LLC raised its holdings in shares of Cheniere Energy by 22.3% in the 2nd quarter. MGO One Seven LLC now owns 5,415 shares of the energy company’s stock valued at $947,000 after purchasing an additional 988 shares in the last quarter. Hedge funds and other institutional investors 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.