Cheniere Energy (NYSE:LNG) Price Target Raised to $217.00 at Royal Bank of Canada

Cheniere Energy (NYSE:LNG) had its price target boosted by Royal Bank of Canada from $201.00 to $217.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the energy company’s stock.

A number of other equities analysts also recently commented on the stock. Barclays upped their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.13.

Cheniere Energy Trading Down 0.7 %

LNG opened at $182.58 on Wednesday. Cheniere Energy has a one year low of $152.31 and a one year high of $193.16. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 8.89 and a beta of 0.94. The stock’s 50 day moving average price is $183.09 and its 200-day moving average price is $171.08.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, equities analysts forecast that Cheniere Energy will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. Cheniere Energy’s payout ratio is currently 8.48%.

Institutional Trading of Cheniere Energy

Institutional investors have recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in Cheniere Energy during the first quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC grew its stake in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the 3rd quarter valued at about $27,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Company Profile

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.