Scotiabank Lowers Cheniere Energy (NYSE:LNG) Price Target to $242.00

Cheniere Energy (NYSE:LNG - Free Report) had its target price cut by Scotiabank from $243.00 to $242.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a sector outperform rating on the energy company's stock.

Several other research firms have also issued reports on LNG. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Stifel Nicolaus reduced their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group reissued a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of "Buy" and a consensus target price of $251.46.

Cheniere Energy Stock Up 2.4 %

Shares of NYSE LNG traded up $5.45 during mid-day trading on Tuesday, hitting $235.94. The company had a trading volume of 1,707,396 shares, compared to its average volume of 1,867,048. Cheniere Energy has a one year low of $153.03 and a one year high of $257.65. The company has a market capitalization of $52.57 billion, a PE ratio of 16.58 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day simple moving average of $223.37 and a two-hundred day simple moving average of $217.91.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, equities analysts expect that Cheniere Energy will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy's payout ratio is currently 14.05%.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares in the last quarter. WR Wealth Planners LLC raised its stake in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $29,000. Finally, Banque Transatlantique SA acquired a new position in Cheniere Energy during the 4th quarter worth approximately $32,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.