Cheniere Energy (NYSE:LNG) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of Cheniere Energy (NYSE:LNG) in a report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $162.00 target price on the energy company’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Cheniere Energy from a buy rating to a hold rating in a research report on Monday, April 8th. Barclays boosted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. Finally, TD Cowen decreased their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating for the company in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy has an average rating of Moderate Buy and an average price target of $193.30.

Cheniere Energy Stock Up 1.0 %

Shares of Cheniere Energy stock opened at $162.07 on Tuesday. The stock has a market cap of $37.38 billion, a P/E ratio of 4.00 and a beta of 0.94. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The stock has a 50 day moving average price of $158.09.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy’s revenue was down 46.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $15.78 EPS. As a group, equities research analysts forecast that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy’s dividend payout ratio is currently 4.30%.

Hedge Funds Weigh In On Cheniere Energy

Large investors have recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $1,283,000. Mackenzie Financial Corp raised its position in Cheniere Energy by 28.9% during the fourth quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after acquiring an additional 44,508 shares during the period. Oak Thistle LLC acquired a new position in Cheniere Energy during the fourth quarter worth $1,144,000. Rheos Capital Works Inc. acquired a new position in Cheniere Energy during the fourth quarter worth $8,894,000. Finally, Riverstone Advisors LLC raised its position in Cheniere Energy by 3.6% during the fourth quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock worth $2,540,000 after acquiring an additional 513 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.