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

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Friday, April 26th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.09%.

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

Shares of LNG stock traded down $0.23 during trading hours on Friday, hitting $159.13. 117,505 shares of the company’s stock were exchanged, compared to its average volume of 1,869,975. The company has a 50-day moving average price of $157.98. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The firm has a market cap of $36.70 billion, a PE ratio of 3.94 and a beta of 0.94. Cheniere Energy has a 52 week low of $135.30 and a 52 week high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business earned $15.78 earnings per share. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy will post 8.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LNG. UBS Group decreased their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday. Redburn Atlantic began coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Finally, TD Cowen decreased their price objective 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 given a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus 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.