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

Cheniere Energy, Inc. (NYSE:LNG) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $264.2353.

Several brokerages have weighed in on LNG. Scotiabank reaffirmed an “outperform” rating and set a $266.00 price target on shares of Cheniere Energy in a research report on Friday, January 16th. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a report on Sunday, January 25th. Bank of America reduced their price target on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Finally, Citigroup dropped their price objective on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, January 12th.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors have recently modified their holdings of LNG. Altman Advisors Inc. grew its holdings in Cheniere Energy by 0.4% in the second quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after purchasing an additional 44 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Cheniere Energy by 1.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock valued at $768,000 after acquiring an additional 47 shares during the period. Childress Capital Advisors LLC grew its stake in Cheniere Energy by 0.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock valued at $1,265,000 after acquiring an additional 47 shares during the period. Ameriflex Group Inc. increased its holdings in Cheniere Energy by 7.3% in the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after acquiring an additional 47 shares in the last quarter. Finally, Howard Capital Management Inc. raised its position in Cheniere Energy by 3.3% during the third quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock worth $350,000 after acquiring an additional 48 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of LNG opened at $210.26 on Friday. The firm has a market capitalization of $45.26 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 6.76 and a beta of 0.27. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy has a 1-year low of $186.20 and a 1-year high of $246.42. The company’s fifty day moving average price is $199.75 and its 200-day moving average price is $217.53.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. 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.