Cheniere Energy (NYSE:LNG) Price Target Raised to $334.00

Cheniere Energy (NYSE:LNG) had its price objective raised by JPMorgan Chase & Co. from $327.00 to $334.00 in a research note published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy company’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley cut their price target on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. TD Cowen increased their price objective on Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $298.88.

Cheniere Energy Trading Down 0.2%

LNG opened at $269.27 on Friday. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The company’s 50 day moving average price is $244.52 and its two-hundred day moving average price is $242.37.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is presently 36.51%.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently added to or reduced their stakes in LNG. Norges Bank acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at about $731,774,000. Bank of New York Mellon Corp increased its position in Cheniere Energy by 174.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after buying an additional 1,426,058 shares in the last quarter. Marshall Wace LLP raised its stake in Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after buying an additional 686,459 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Cheniere Energy by 6,513.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after buying an additional 556,203 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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.