TD Cowen Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG - Free Report) had its price target upped by TD Cowen from $260.00 to $265.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. TD Cowen currently has a buy rating on the energy company's stock.

Several other analysts have also issued reports on the stock. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. Scotiabank decreased 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. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group reaffirmed a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $258.36.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded up $5.73 on Wednesday, reaching $242.05. 2,030,747 shares of the stock were exchanged, compared to its average volume of 1,869,209. The business has a 50 day moving average price of $234.26 and a two-hundred day moving average price of $225.92. The firm has a market capitalization of $53.68 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 4.93 and a beta of 0.43. Cheniere Energy has a twelve month low of $167.66 and a twelve month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. The firm's revenue was up 28.0% compared to the same quarter last year. Analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is currently 14.63%.

Insider Transactions at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director now owns 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

Institutional Trading of Cheniere Energy

Several large investors have recently modified their holdings of LNG. WR Wealth Planners LLC boosted its holdings in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. REAP Financial Group LLC boosted its stake in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $29,000. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $32,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the first quarter worth $38,000. 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.