Cheniere Energy (NYSE:LNG) Hits New 1-Year High – Here’s What Happened

Cheniere Energy, Inc. (NYSE:LNGGet Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as $229.63 and last traded at $226.62, with a volume of 143179 shares traded. The stock had previously closed at $225.19.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LNG shares. Scotiabank initiated coverage on shares of Cheniere Energy in a report on Friday. They issued a “sector outperform” rating and a $242.00 price target on the stock. Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $226.55.

Get Our Latest Analysis on LNG

Cheniere Energy Stock Up 0.5 %

The firm has a market cap of $50.77 billion, a PE ratio of 14.45 and a beta of 0.99. The company has a 50-day simple moving average of $214.24 and a 200-day simple moving average of $192.40. 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:LNGGet Free Report) last announced 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. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.37 EPS. Analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LNG. Carolinas Wealth Consulting LLC raised its stake in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in Cheniere Energy in the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Company Profile

(Get Free Report)

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.

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