Cheniere Energy (NYSE:LNG) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Cheniere Energy (NYSE:LNG) in a research report report published on Tuesday morning, Marketbeat reports. The firm issued a neutral rating and a $162.00 price objective on the energy company’s stock.

A number of other brokerages have also issued reports on LNG. Barclays raised their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. StockNews.com lowered shares of Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Finally, TD Cowen lowered their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $193.30.

Cheniere Energy Trading Up 1.0 %

Shares of LNG opened at $162.07 on Tuesday. 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 stock has a market capitalization of $37.38 billion, a price-to-earnings ratio of 4.00 and a beta of 0.94. The business’s 50 day simple moving average is $158.09. Cheniere Energy has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $15.78 earnings per share. As a group, equities research analysts forecast that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.07%. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. lifted its holdings in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after acquiring an additional 60 shares during the period. Mutual Advisors LLC lifted its holdings in Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after acquiring an additional 64 shares during the period. Xcel Wealth Management LLC lifted its holdings in Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after acquiring an additional 65 shares during the period. Winch Advisory Services LLC lifted its holdings in Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares during the period. 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.