Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $264.24

Shares of Cheniere Energy, Inc. (NYSE:LNG) have received an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $264.2353.

Several analysts recently commented on the company. Wolfe Research set a $220.00 price target on Cheniere Energy and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company cut their price objective on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Bank of America lowered their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Erste Group Bank cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Scotiabank reissued an “outperform” rating and set a $266.00 price target on shares of Cheniere Energy in a report on Friday, January 16th.

Institutional Investors Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new stake in shares of Cheniere Energy during the third quarter worth $25,000. Westside Investment Management Inc. raised its holdings in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy during the 3rd quarter worth about $27,000. Finally, Hilltop National Bank bought a new stake in Cheniere Energy during the 2nd quarter worth about $28,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $210.79 on Friday. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 6.49 and a beta of 0.27. Cheniere Energy has a one year low of $186.20 and a one year high of $246.42. The business has a fifty day simple moving average of $199.51 and a 200 day simple moving average of $217.61. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s payout ratio is presently 12.37%.

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.