Cheniere Energy (NYSE:LNG) Price Target Raised to $208.00

Cheniere Energy (NYSE:LNG - Free Report) had its price objective hoisted by Stifel Nicolaus from $204.00 to $208.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a buy rating on the energy company's stock.

Several other equities analysts also recently commented on LNG. Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a neutral rating and a $162.00 target price on the stock. UBS Group decreased their target price on Cheniere Energy from $223.00 to $206.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. TD Cowen decreased their target price on Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research report on Tuesday, February 27th. StockNews.com downgraded Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Finally, Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $196.40.

Cheniere Energy Stock Performance

LNG traded down $0.73 on Monday, hitting $156.81. 2,686,896 shares of the company were exchanged, compared to its average volume of 1,950,025. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a market cap of $36.17 billion, a P/E ratio of 7.65 and a beta of 0.95. 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 fifty day moving average price of $157.83.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. Cheniere Energy's quarterly revenue was down 41.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.89 EPS. As a group, equities research analysts expect that Cheniere Energy will post 8.4 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, May 9th. Cheniere Energy's payout ratio is presently 8.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cheniere Energy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company's stock worth $3,845,958,000 after purchasing an additional 151,311 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cheniere Energy by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company's stock worth $672,559,000 after acquiring an additional 220,802 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Cheniere Energy by 3.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company's stock worth $332,886,000 after acquiring an additional 64,297 shares in the last quarter. Norges Bank purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $308,910,000. Finally, Northern Trust Corp increased its holdings in shares of Cheniere Energy by 5.1% in the third quarter. Northern Trust Corp now owns 1,667,834 shares of the energy company's stock worth $276,794,000 after purchasing an additional 80,399 shares during the period. 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.