Cheniere Energy, Inc. Announces Quarterly Dividend of $0.56 (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, May 11th will be given a dividend of 0.555 per share by the energy company on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th.

Cheniere Energy has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cheniere Energy to earn $15.52 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 14.3%.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $265.21 on Wednesday. The stock has a market cap of $55.73 billion, a PE ratio of 10.91 and a beta of 0.14. The business has a fifty day simple moving average of $259.64 and a 200-day simple moving average of $225.26. 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 has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, topping the consensus estimate of $3.90 by $6.78. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.Cheniere Energy’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 earnings per share. On average, sell-side analysts anticipate that Cheniere Energy will post 13.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group raised their target price on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada raised their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. UBS Group raised their target price on Cheniere Energy from $305.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Wolfe Research set a $220.00 target price on Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Bank of America raised their target price on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $295.56.

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.