Cheniere Energy, Inc. Announces Quarterly Dividend of $0.56 (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Monday, August 10th will be paid a dividend of 0.555 per share by the energy company on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th.

Cheniere Energy has a dividend payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cheniere Energy to earn $16.93 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 13.1%.

Cheniere Energy Stock Down 1.3%

Cheniere Energy stock traded down $3.45 during trading on Tuesday, reaching $252.43. The stock had a trading volume of 2,449,396 shares, compared to its average volume of 2,520,130. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The business has a 50 day moving average price of $244.67 and a 200 day moving average price of $242.80. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market cap of $52.90 billion, a PE ratio of 41.52 and a beta of -0.01.

Analysts Set New Price Targets

LNG has been the topic of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Wolfe Research reissued an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. TD Cowen raised their price target on Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley cut their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $298.88.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.