Cheniere Energy, Inc. (NYSE:LNG) Stock Has Average Price Target of $319.82

Shares of Cheniere Energy, Inc. (NYSE:LNG) have received an average recommendation of “Buy” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $324.41.

A number of research analysts have issued reports on LNG shares. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company raised their target price on shares of Cheniere Energy from $335.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. TD Cowen boosted their price target on shares of Cheniere Energy from $325.00 to $352.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $340.00 price target on shares of Cheniere Energy in a research note on Monday, October 19th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted 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 acquiring an additional 1,656,194 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 worth $636,834,000 after purchasing an additional 1,426,058 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 worth $510,307,000 after purchasing an additional 239,680 shares in the last quarter. Chickasaw Capital Management LLC raised its holdings in shares of Cheniere Energy by 4.4% in the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after purchasing an additional 37,325 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Cheniere Energy by 50.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after purchasing an additional 289,963 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $285.24 on Tuesday. Cheniere Energy has a 12-month low of $186.20 and a 12-month high of $330.73. The company has a market cap of $58.25 billion, a PE ratio of 19.90, a P/E/G ratio of 0.90 and a beta of 0.01. The stock has a 50 day simple moving average of $283.54 and a 200-day simple moving average of $258.41. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be issued 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 payout ratio is currently 15.49%.

About Cheniere Energy

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.