Cheniere Energy’s (LNG) Buy Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their buy rating on shares of Cheniere Energy (NYSEAMERICAN:LNGGet Rating) in a research note released on Tuesday morning. The Goldman Sachs Group currently has a $220.00 target price on the energy company’s stock.

Other equities research analysts have also recently issued reports about the stock. Barclays increased their price objective on shares of Cheniere Energy from $186.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, October 12th. Morgan Stanley increased their price objective on shares of Cheniere Energy from $154.00 to $203.00 in a research report on Thursday, September 15th. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $184.00 to $199.00 and gave the stock an outperform rating in a research report on Wednesday, September 14th. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $159.00 to $201.00 and gave the stock a buy rating in a research report on Monday, September 19th. Finally, Jefferies Financial Group started coverage on shares of Cheniere Energy in a research report on Wednesday, October 19th. They set a buy rating and a $210.00 price objective for the company. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of Buy and an average price target of $194.33.

Cheniere Energy Stock Up 0.2 %

LNG stock opened at $172.80 on Tuesday. The firm has a market cap of $42.97 billion, a PE ratio of -18.68 and a beta of 1.26. Cheniere Energy has a 52-week low of $97.85 and a 52-week high of $182.35. 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 (NYSEAMERICAN:LNGGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The energy company reported $7.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $2.34. The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.04 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. On average, equities research analysts anticipate that Cheniere Energy will post 10.91 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.395 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.33. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently -17.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Toroso Investments LLC grew its holdings in shares of Cheniere Energy by 212.7% during the third quarter. Toroso Investments LLC now owns 15,068 shares of the energy company’s stock valued at $2,500,000 after buying an additional 10,249 shares during the last quarter. Continental Investors Services Inc. lifted its position in shares of Cheniere Energy by 6,300.0% during the third quarter. Continental Investors Services Inc. now owns 148,480 shares of the energy company’s stock valued at $22,521,000 after purchasing an additional 146,160 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Cheniere Energy during the third quarter valued at about $95,000. IHT Wealth Management LLC bought a new position in shares of Cheniere Energy during the third quarter valued at about $580,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Cheniere Energy by 32.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 9,927 shares of the energy company’s stock worth $1,647,000 after acquiring an additional 2,447 shares during the period. 88.17% of the stock is currently owned by institutional investors and hedge funds.

About Cheniere Energy

(Get Rating)

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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