Cheniere Energy, Inc. (NYSE:LNG) to Issue Quarterly Dividend of $0.50

Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.50 per share by the energy company on Friday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, February 7th.

Cheniere Energy has a payout ratio of 105.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cheniere Energy to earn $11.70 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 35.4%.

Cheniere Energy Trading Up 1.7 %

Shares of LNG opened at $231.79 on Wednesday. The stock’s fifty day simple moving average is $223.51 and its 200-day simple moving average is $200.30. The firm has a market capitalization of $52.01 billion, a PE ratio of 14.78 and a beta of 0.98. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Analyst Ratings Changes

A number of research firms recently commented on LNG. Morgan Stanley upped their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Scotiabank lifted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.25.

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.