Cheniere Energy, Inc. (NYSE:LNG) Announces $0.44 Quarterly Dividend

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Friday, May 10th will be paid a dividend of 0.435 per share by the energy company on Friday, May 17th. This represents a $1.74 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, May 9th.

Cheniere Energy has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cheniere Energy to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 18.1%.

Cheniere Energy Price Performance

LNG stock traded down $0.22 on Friday, reaching $159.14. 1,223,179 shares of the company were exchanged, compared to its average volume of 1,885,020. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a fifty day simple moving average of $157.96. The stock has a market capitalization of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company earned $15.78 earnings per share. The business's revenue was down 46.9% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a "buy" rating on the stock in a research note on Wednesday. Barclays boosted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a "neutral" rating and a $162.00 target price on the stock. TD Cowen reduced their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. Finally, StockNews.com downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.90.

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.