US Capital Advisors Comments on Cheniere Energy, Inc.’s Q1 2024 Earnings (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) – Equities research analysts at US Capital Advisors decreased their Q1 2024 earnings estimates for Cheniere Energy in a research report issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now anticipates that the energy company will post earnings of $2.04 per share for the quarter, down from their prior forecast of $2.35. The consensus estimate for Cheniere Energy’s current full-year earnings is $8.40 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q3 2024 earnings at $1.58 EPS, Q4 2024 earnings at $2.32 EPS, FY2024 earnings at $7.32 EPS, Q1 2025 earnings at $2.30 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.43 EPS.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the firm posted $6.89 earnings per share. The firm’s quarterly revenue was down 41.8% on a year-over-year basis.

Other equities analysts have also recently issued reports about the stock. TD Cowen lowered their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. UBS Group dropped their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Barclays lifted their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.90.

Cheniere Energy Stock Performance

Shares of LNG opened at $157.69 on Thursday. The stock has a market capitalization of $36.37 billion, a P/E ratio of 3.89 and a beta of 0.95. 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 company’s 50 day moving average is $157.83. Cheniere Energy has a 52 week low of $135.30 and a 52 week high of $183.46.

Institutional Trading of Cheniere Energy

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $308,910,000. Canada Pension Plan Investment Board grew its position in Cheniere Energy by 73.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock worth $248,293,000 after purchasing an additional 631,100 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Cheniere Energy by 702.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after purchasing an additional 429,438 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after buying an additional 367,275 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Cheniere Energy by 126.8% in the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock valued at $107,131,000 after buying an additional 360,915 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.10%. Cheniere Energy’s payout ratio is presently 4.30%.

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.