Cheniere Energy (NYSE:LNG) Shares Cross Above 50-Day Moving Average – What’s Next?

Cheniere Energy, Inc. (NYSE:LNG)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $283.54 and traded as high as $286.18. Cheniere Energy shares last traded at $285.2380, with a volume of 2,320,800 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on LNG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a research note on Saturday, October 10th. TD Cowen increased their price target on shares of Cheniere Energy from $325.00 to $352.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $340.00 price target on shares of Cheniere Energy in a research note on Monday, October 19th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $335.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $324.41.

Cheniere Energy Trading Up 3.6%

The firm has a market cap of $62.07 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.90 and a beta of 0.01. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.90. The company has a 50 day moving average price of $283.76 and a 200 day moving average price of $259.32.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be issued a $0.6250 dividend. The ex-dividend date is Monday, November 9th. This represents a $2.50 annualized dividend and a dividend yield of 0.8%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s dividend payout ratio (DPR) is currently 17.45%.

Institutional Trading of Cheniere Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in shares of Cheniere Energy during the third quarter worth $13,228,000. Private Wealth Asset Management LLC grew its stake in shares of Cheniere Energy by 938.9% in the third quarter. Private Wealth Asset Management LLC now owns 2,992 shares of the energy company’s stock valued at $832,000 after buying an additional 2,704 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $166,000. Ieq Capital LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $13,458,000. Finally, Focus Advisor Solutions LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $2,357,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

About Cheniere Energy

Cheniere Energy, Inc. is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment. The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.