Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) – Investment analysts at Jefferies Financial Group boosted their FY2023 EPS estimates for Cheniere Energy in a report issued on Sunday, November 20th. Jefferies Financial Group analyst S. Burwell now anticipates that the energy company will earn $20.35 per share for the year, up from their previous estimate of $18.80. Jefferies Financial Group currently has a “Buy” rating and a $210.00 target price on the stock. The consensus estimate for Cheniere Energy’s current full-year earnings is $10.91 per share.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last released its earnings results on Thursday, November 3rd. The energy company reported $7.80 EPS for the quarter, beating analysts’ consensus estimates of $5.46 by $2.34. The business had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%.
Cheniere Energy Stock Performance
NYSEAMERICAN LNG opened at $172.80 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.08 and a debt-to-equity ratio of 24.30. Cheniere Energy has a 12-month low of $97.85 and a 12-month high of $182.35. The stock has a market cap of $42.97 billion, a price-to-earnings ratio of -18.68 and a beta of 1.26.
Institutional Investors Weigh In On Cheniere Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in Cheniere Energy in the third quarter worth approximately $25,000. Financial Management Professionals Inc. purchased a new stake in Cheniere Energy in the second quarter worth approximately $27,000. Janiczek Wealth Management LLC purchased a new stake in Cheniere Energy in the second quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Cheniere Energy during the 3rd quarter worth $36,000. Finally, Ronald Blue Trust Inc. purchased a new position in shares of Cheniere Energy during the 2nd quarter worth $30,000. Institutional investors own 88.17% of the company’s stock.
Cheniere Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Tuesday, November 8th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.58 annualized dividend and a dividend yield of 0.91%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.33. Cheniere Energy’s dividend payout ratio (DPR) is -17.08%.
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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