Cheniere Energy (NYSE:LNG) Cut to Peer Perform at Wolfe Research

Wolfe Research downgraded shares of Cheniere Energy (NYSE:LNG – Free Report) from an outperform rating to a peer perform rating in a research report released on Monday morning, MarketBeat Ratings reports.

Several other research firms have also commented on LNG. Sanford C. Bernstein restated an “outperform” rating and issued a $283.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 29th. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Morgan Stanley lifted their target price on shares of Cheniere Energy from $310.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Bank of America reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, October 30th. Finally, Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $324.41.

Check Out Our Latest Research Report on Cheniere Energy

Cheniere Energy Stock Down 6.2%

Shares of LNG opened at $291.74 on Monday. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $330.73. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.95 and a beta of 0.01. The stock’s 50-day moving average price is $283.62 and its 200-day moving average price is $257.28.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the business earned $7.30 earnings per share. The firm’s revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts predict that Cheniere Energy will post 21.74 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be given a $0.6250 dividend. This represents a $2.50 annualized dividend and a dividend yield of 0.9%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date is Monday, November 9th. Cheniere Energy’s dividend payout ratio (DPR) is 15.49%.

Institutional Trading of Cheniere Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Cheniere Energy by 174.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after purchasing an additional 1,426,058 shares during the last quarter. Wellington Management Group LLP raised its holdings in Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after buying an additional 1,656,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cheniere Energy by 12.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Cheniere Energy by 50.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after buying an additional 289,963 shares during the period. Finally, Chickasaw Capital Management LLC lifted its position in Cheniere Energy by 4.4% in the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock valued at $240,365,000 after buying an additional 37,325 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy News Roundup

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

Cheniere Energy Company Profile

(Get Free Report)

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.

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