Cheniere Energy, Inc. (NYSE:LNG) to Post Q1 2024 Earnings of $2.04 Per Share, US Capital Advisors Forecasts

Cheniere Energy, Inc. (NYSE:LNG - Free Report) - Equities research analysts at US Capital Advisors lowered their Q1 2024 earnings per share (EPS) estimates for Cheniere Energy in a report released on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings per share of $2.04 for the quarter, down from their previous forecast of $2.35. The consensus estimate for Cheniere Energy's current full-year earnings is $8.39 per share. US Capital Advisors also issued estimates for Cheniere Energy's Q3 2024 earnings at $1.58 EPS, Q4 2024 earnings at $2.32 EPS, FY2024 earnings at $7.32 EPS, Q1 2025 earnings at $2.30 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.43 EPS.

Other analysts have also issued reports about the company. Barclays lifted their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. StockNews.com lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a "neutral" rating and a $162.00 target price on the stock. UBS Group reduced their target price on Cheniere Energy from $223.00 to $206.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Finally, TD Cowen reduced their target price on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average price target of $193.90.

Cheniere Energy Stock Up 2.3 %

LNG stock traded up $3.58 during midday trading on Thursday, reaching $160.61. The stock had a trading volume of 3,159,121 shares, compared to its average volume of 1,914,938. The business's fifty day moving average price is $157.83. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 3.97 and a beta of 0.95. Cheniere Energy has a twelve month low of $135.30 and a twelve month high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping analysts' consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company's revenue was down 46.9% on a year-over-year basis. During the same period last year, the company earned $15.78 earnings per share.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy's payout ratio is presently 4.30%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jennison Associates LLC boosted its stake in Cheniere Energy by 13.9% in the 1st quarter. Jennison Associates LLC now owns 1,384,125 shares of the energy company's stock valued at $223,232,000 after purchasing an additional 169,072 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Cheniere Energy by 17.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 5,032 shares of the energy company's stock valued at $812,000 after acquiring an additional 755 shares during the period. FORA Capital LLC lifted its position in shares of Cheniere Energy by 22.0% during the 1st quarter. FORA Capital LLC now owns 38,459 shares of the energy company's stock valued at $6,203,000 after acquiring an additional 6,928 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Cheniere Energy by 27.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company's stock valued at $4,715,000 after acquiring an additional 6,235 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Cheniere Energy by 133.5% during the 1st quarter. Nordea Investment Management AB now owns 38,814 shares of the energy company's stock valued at $6,230,000 after acquiring an additional 22,192 shares during the period. 87.26% of the stock is 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.