Cheniere Energy, Inc. (NYSE:LNG) Given Average Recommendation of “Moderate Buy” by Brokerages

Cheniere Energy, Inc. (NYSE:LNG) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $239.79.

A number of brokerages have recently weighed in on LNG. Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price on the stock. Finally, StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC lifted its stake in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares during the last quarter. REAP Financial Group LLC grew its stake in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter valued at about $29,000. Finally, Banque Transatlantique SA acquired a new stake in Cheniere Energy during the fourth quarter worth approximately $32,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 10.6 %

NYSE:LNG opened at $196.84 on Monday. 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 has a 1-year low of $152.88 and a 1-year high of $257.65. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 13.83 and a beta of 0.67. The business’s 50-day moving average price is $221.78 and its two-hundred day moving average price is $212.44.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities analysts expect that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.02%. Cheniere Energy’s dividend payout ratio is 14.05%.

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.