Cheniere Energy (NYSE:LNG) Price Target Raised to $265.00 at UBS Group

Cheniere Energy (NYSE:LNG) had its price target lifted by UBS Group from $232.00 to $265.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a buy rating on the energy company’s stock.

LNG has been the topic of several other research reports. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen upped their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $208.44.

Cheniere Energy Price Performance

LNG stock traded up $1.52 during trading hours on Friday, hitting $212.30. 1,599,104 shares of the stock traded hands, compared to its average volume of 1,783,304. The stock has a 50-day simple moving average of $187.64 and a 200 day simple moving average of $176.41. The company has a market cap of $47.63 billion, a P/E ratio of 13.56 and a beta of 0.94. Cheniere Energy has a one year low of $152.31 and a one year high of $217.95. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts forecast that Cheniere Energy will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Institutional Trading of Cheniere Energy

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in Cheniere Energy during the first quarter valued at approximately $34,000. Avantax Advisory Services Inc. boosted its stake in shares of Cheniere Energy by 4.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the energy company’s stock valued at $1,376,000 after buying an additional 346 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Cheniere Energy by 9.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,280 shares of the energy company’s stock valued at $2,303,000 after buying an additional 1,270 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cheniere Energy by 20.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,730 shares of the energy company’s stock valued at $21,729,000 after acquiring an additional 23,065 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of Cheniere Energy by 4.8% in the first quarter. Kingsview Wealth Management LLC now owns 1,924 shares of the energy company’s stock worth $310,000 after acquiring an additional 88 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.