Cheniere Energy (NYSE:LNG) PT Set at $261.00 by Scotiabank

Scotiabank set a $261.00 price target on Cheniere Energy (NYSE:LNG - Free Report) in a research note published on Tuesday, Marketbeat reports. The brokerage currently has a sector outperform rating on the energy company's stock.

Several other equities research analysts also recently issued reports on LNG. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, Argus assumed coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $260.36.

Cheniere Energy Trading Up 0.5%

NYSE LNG traded up $1.12 on Tuesday, reaching $232.63. 463,655 shares of the company were exchanged, compared to its average volume of 1,840,130. The business's fifty day moving average price is $235.77 and its 200 day moving average price is $228.71. The stock has a market capitalization of $51.59 billion, a P/E ratio of 17.03 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. Cheniere Energy has a fifty-two week low of $167.66 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. Analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insider Buying and Selling at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cheniere Energy

A number of large investors have recently bought and sold shares of LNG. Norges Bank purchased a new position in shares of Cheniere Energy in the 4th quarter worth $629,197,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Cheniere Energy during the second quarter worth about $384,806,000. Nuveen LLC purchased a new stake in shares of Cheniere Energy during the first quarter worth about $294,793,000. Two Sigma Advisers LP increased its position in shares of Cheniere Energy by 84.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after acquiring an additional 756,900 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

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.