UBS Group Lowers Cheniere Energy (NYSE:LNG) Price Target to $206.00

Cheniere Energy (NYSE:LNG - Free Report) had its target price trimmed by UBS Group from $223.00 to $206.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the energy company's stock.

Several other equities research analysts have also weighed in on the company. TD Cowen cut 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. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a neutral rating and a $162.00 price objective on the stock. Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an overweight rating in a report on Wednesday, January 17th. Finally, StockNews.com lowered shares of Cheniere Energy from a buy rating to a hold rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of Moderate Buy and an average price target of $193.90.

Cheniere Energy Stock Down 1.0 %

Cheniere Energy stock traded down $1.54 during trading on Wednesday, reaching $157.36. The stock had a trading volume of 2,128,720 shares, compared to its average volume of 1,897,893. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The firm has a 50 day moving average of $157.98. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The stock has a market capitalization of $36.30 billion, a PE ratio of 3.87 and a beta of 0.94.

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

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.11%. Cheniere Energy's payout ratio is 4.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the fourth quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. grew its position in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock worth $29,000 after buying an additional 118 shares during the period. Riverview Trust Co purchased a new stake in shares of Cheniere Energy in the first quarter valued at about $29,000. Finally, OFI Invest Asset Management purchased a new position in shares of Cheniere Energy during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.26% of the company's stock.

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.