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

Redburn Atlantic initiated coverage on shares of Cheniere Energy (NYSE:LNG) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $162.00 target price on the energy company’s stock.

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

Cheniere Energy Price Performance

LNG opened at $154.09 on Tuesday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The firm’s 50-day moving average price is $158.34. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The company has a market capitalization of $36.16 billion, a price-to-earnings ratio of 3.80 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating 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 company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the firm earned $15.78 earnings per share. The firm’s revenue was down 46.9% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.13%. Cheniere Energy’s payout ratio is 4.30%.

Hedge Funds Weigh In On Cheniere Energy

Large investors have recently modified their holdings of the business. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter worth about $25,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy in the first quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $29,000 after acquiring an additional 118 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in Cheniere Energy during the first quarter valued at approximately $29,000. Hedge funds and other institutional investors 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.