Cheniere Energy, Inc. Announces Quarterly Dividend of $0.44 (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Friday, May 10th will be paid a dividend of 0.435 per share by the energy company on Friday, May 17th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 9th.

Cheniere Energy has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cheniere Energy to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 18.1%.

Cheniere Energy Price Performance

NYSE:LNG opened at $159.14 on Friday. The company has a 50-day moving average price of $157.96. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy has a 1-year low of $135.30 and a 1-year high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm earned $15.78 earnings per share. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy will post 8.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LNG. UBS Group reduced their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Redburn Atlantic assumed coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. Barclays boosted their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $193.90.

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.