Cheniere Energy, Inc. (NYSE:LNG) Receives $298.88 Average Target Price from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNG) have been assigned an average rating of “Buy” from the twenty-one research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $298.8824.

A number of analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Citigroup increased their price objective on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Jefferies Financial Group boosted their target price on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd.

Cheniere Energy Price Performance

Shares of LNG opened at $252.43 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The stock’s 50 day moving average is $244.78 and its two-hundred day moving average is $243.20. Cheniere Energy has a twelve month low of $186.20 and a twelve month high of $300.89. The firm has a market capitalization of $52.90 billion, a PE ratio of 41.52 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LNG. Northside Capital Management LLC increased its holdings in Cheniere Energy by 0.3% in the second quarter. Northside Capital Management LLC now owns 43,164 shares of the energy company’s stock valued at $10,317,000 after buying an additional 113 shares in the last quarter. Fiduciary Financial Group LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $314,000. Ausbil Investment Management Ltd boosted its stake in shares of Cheniere Energy by 45.8% during the 2nd quarter. Ausbil Investment Management Ltd now owns 48,440 shares of the energy company’s stock worth $11,815,000 after acquiring an additional 15,220 shares in the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $29,000. Finally, Sapient Capital LLC grew its holdings in shares of Cheniere Energy by 3.6% in the 2nd quarter. Sapient Capital LLC now owns 4,149 shares of the energy company’s stock worth $992,000 after acquiring an additional 143 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

More Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Expansion milestone: Cheniere received approval to introduce natural gas into its final LNG expansion plant. This advances commissioning and supports the company’s longer-term growth in LNG production and exports. Cheniere gets approval to introduce natural gas into final LNG expansion plant
• Positive Sentiment: Dividend maintained: Cheniere declared a quarterly dividend of $0.555 per share, or approximately $2.22 annualized, payable August 18 to shareholders of record August 10. The roughly 0.9% yield provides a modest income return and signals continued shareholder distributions. Cheniere Declares Quarterly Dividend
• Neutral Sentiment: Constructive LNG backdrop: Coverage highlights strong global LNG export demand and Cheniere’s positioning to benefit from the broader natural-gas export boom. However, the company remains exposed to commodity prices, project execution and elevated leverage.
• Neutral Sentiment: Several other items focused on EQT, Expand Energy and Chevron rather than Cheniere and are unlikely to have a direct effect on LNG shares. The available news does not identify a specific negative development explaining the session’s weakness.

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.