Cheniere Energy (NYSE:LNG) Given New $271.00 Price Target at Wells Fargo & Company

Cheniere Energy (NYSE:LNG) had its target price lowered by Wells Fargo & Company from $280.00 to $271.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the energy company’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets restated an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a report on Wednesday, December 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Thursday, February 26th. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Scotiabank upped their price objective on shares of Cheniere Energy from $266.00 to $285.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 5th. Finally, Citigroup decreased their target price on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.39.

Cheniere Energy Stock Performance

NYSE LNG opened at $252.44 on Friday. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $259.24. The stock has a market cap of $53.06 billion, a price-to-earnings ratio of 10.39 and a beta of 0.25. The business has a fifty day moving average of $218.91 and a 200-day moving average of $217.57. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.33 earnings per share. As a group, analysts predict that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has approved a stock repurchase plan on Thursday, February 26th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a $0.555 dividend. The ex-dividend date was Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s payout ratio is 9.14%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in Cheniere Energy in the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Cheniere Energy during the third quarter worth approximately $27,000. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Cheniere Energy by 250.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.