Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) Target Price at $252.23

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) has been assigned a consensus recommendation of "Buy" from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $252.23.

LNG has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. TD Cowen increased their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Scotiabank dropped their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th.

Hedge Funds Weigh In On Cheniere Energy

Large investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Cheniere Energy during the fourth quarter worth about $335,000. Dynamic Advisor Solutions LLC increased its position in Cheniere Energy by 2.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,086 shares of the energy company's stock worth $1,308,000 after acquiring an additional 128 shares during the period. Geneos Wealth Management Inc. increased its position in Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC increased its position in Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after acquiring an additional 46 shares during the period. Finally, Crescent Grove Advisors LLC bought a new position in Cheniere Energy during the fourth quarter worth about $271,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Down 0.7%

Shares of LNG traded down $1.54 during midday trading on Tuesday, hitting $232.08. The company had a trading volume of 2,069,391 shares, compared to its average volume of 1,866,650. The company's 50 day moving average price is $227.97 and its 200 day moving average price is $223.54. The stock has a market cap of $51.47 billion, a price-to-earnings ratio of 16.31 and a beta of 0.41. Cheniere Energy has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the company earned $2.13 EPS. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's payout ratio is presently 14.63%.

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.