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

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.50 per share by the energy company on Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, November 8th.

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. Equities analysts expect Cheniere Energy to earn $10.96 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 37.8%.

Cheniere Energy Stock Up 2.6 %

Shares of LNG stock opened at $197.66 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $200.32. The firm’s fifty day moving average price is $183.85 and its two-hundred day moving average price is $174.06. The firm has a market capitalization of $44.35 billion, a P/E ratio of 12.62 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 EPS. On average, equities analysts predict that Cheniere Energy will post 10.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.89.

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.