Cheniere Energy (NYSE:LNG) Earns Neutral Rating from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Cheniere Energy (NYSE:LNG) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a neutral rating and a $162.00 price objective on the energy company’s stock.

Several other research analysts also recently issued reports on the stock. TD Cowen dropped their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an outperform rating on the stock in a research note on Tuesday, February 27th. StockNews.com downgraded shares of Cheniere Energy from a buy rating to a hold rating in a research note on Monday, April 8th. Finally, Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an overweight rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $193.30.

Cheniere Energy Price Performance

NYSE:LNG opened at $160.47 on Tuesday. Cheniere Energy has a one year low of $135.30 and a one year high of $183.46. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The business’s 50-day simple moving average is $158.13. The company has a market capitalization of $37.01 billion, a price-to-earnings ratio of 3.96 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm posted $15.78 earnings per share. Cheniere Energy’s quarterly revenue was down 46.9% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. Cheniere Energy’s payout ratio is 4.30%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LNG. Sapient Capital LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $1,283,000. Mackenzie Financial Corp increased its holdings in Cheniere Energy by 28.9% during the fourth quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock valued at $33,895,000 after buying an additional 44,508 shares during the last quarter. Oak Thistle LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $1,144,000. Rheos Capital Works Inc. purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $8,894,000. Finally, Riverstone Advisors LLC increased its holdings in Cheniere Energy by 3.6% during the fourth quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock valued at $2,540,000 after buying an additional 513 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.