Cheniere Energy, Inc. (NYSE:LNG) Announces Quarterly Dividend of $0.62

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.6250 per share by the energy company on Tuesday, November 17th. This represents a $2.50 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 9th. This is a 12.6% increase from Cheniere Energy’s previous quarterly dividend of $0.5550.

Cheniere Energy has a payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cheniere Energy to earn $19.94 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 11.1%.

Cheniere Energy Stock Up 7.1%

Cheniere Energy stock opened at $318.82 on Friday. The business’s 50-day moving average price is $281.05 and its 200 day moving average price is $255.00. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The firm has a market cap of $65.85 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.00 and a beta of 0.06. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $321.22.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the company posted $7.30 EPS. The company’s revenue was up 23.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy will post 19.88 earnings per share for the current year.

Institutional Trading of Cheniere Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrity Alliance LLC. purchased a new stake in Cheniere Energy during the third quarter valued at about $252,000. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in Cheniere Energy by 3.2% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,311 shares of the energy company’s stock worth $622,000 after acquiring an additional 71 shares during the last quarter. Greenfield Seitz Capital Management LLC acquired a new stake in Cheniere Energy during the third quarter worth about $775,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $21,247,000. Finally, Cidel Asset Management Inc. raised its holdings in shares of Cheniere Energy by 7.8% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,940 shares of the energy company’s stock worth $522,000 after purchasing an additional 140 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.