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

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 given a dividend of 0.435 per share by the energy company on Friday, May 17th. This represents a $1.74 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 9th.

Cheniere Energy has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cheniere Energy to earn $9.21 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 18.9%.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $156.17 on Wednesday. The company has a fifty day moving average of $157.93. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $36.02 billion, a PE ratio of 7.61 and a beta of 0.95. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a return on equity of 48.95% and a net margin of 28.55%. The business’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same quarter last year, the firm earned $6.89 EPS. Research analysts expect that Cheniere Energy will post 8.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on LNG shares. UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. TD Cowen lowered their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Barclays increased their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.40.

About Cheniere Energy

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.