Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on August 9th

Cheniere Energy, Inc. (NYSE:LNGGet Free Report) announced a quarterly dividend on Monday, June 17th, RTT News reports. Investors of record on Friday, August 9th will be paid a dividend of 0.435 per share by the energy company on Friday, August 16th. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, August 9th.

Cheniere Energy has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cheniere Energy to earn $10.03 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 17.3%.

Cheniere Energy Stock Performance

LNG stock opened at $161.25 on Wednesday. Cheniere Energy has a one year low of $146.41 and a one year high of $183.46. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a fifty day moving average price of $158.06. The firm has a market cap of $36.91 billion, a PE ratio of 7.85 and a beta of 0.95.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm’s quarterly revenue was down 41.8% compared to the same quarter last year. During the same quarter last year, the firm earned $6.89 earnings per share. Equities analysts forecast that Cheniere Energy will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LNG has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Redburn Atlantic assumed coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Stifel Nicolaus boosted their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, May 6th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.64.

Check Out Our Latest Stock Report on Cheniere Energy

About Cheniere Energy

(Get Free Report)

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.

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Dividend History for Cheniere Energy (NYSE:LNG)

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