Barclays Raises Cheniere Energy (NYSE:LNG) Price Target to $202.00

Cheniere Energy (NYSE:LNG) had its price objective upped by Barclays from $199.00 to $202.00 in a report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

LNG has been the subject of a number of other research reports. TD Cowen upped their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Cheniere Energy Price Performance

LNG stock opened at $182.40 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy has a one year low of $152.31 and a one year high of $193.16. The stock has a market cap of $41.75 billion, a PE ratio of 8.88 and a beta of 0.94. The firm has a 50 day simple moving average of $183.13 and a two-hundred day simple moving average of $171.16.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, analysts predict that Cheniere Energy will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 1.70%. Cheniere Energy’s dividend payout ratio is 8.48%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new position in Cheniere Energy in the 4th quarter worth $25,000. Crewe Advisors LLC bought a new position in Cheniere Energy in the 1st quarter worth $26,000. MCF Advisors LLC bought a new position in Cheniere Energy in the 2nd quarter worth $26,000. Lynx Investment Advisory bought a new position in Cheniere Energy in the 2nd quarter worth $27,000. Finally, Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

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.