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

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 given 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 1.11%. The ex-dividend date is Thursday, May 9th.

Cheniere Energy has a dividend payout ratio of 15.9% meaning 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 Stock Performance

NYSE:LNG opened at $156.17 on Wednesday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The company’s 50 day moving average is $157.93. The stock has a market capitalization of $36.02 billion, a price-to-earnings ratio of 7.61 and a beta of 0.95.

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

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Redburn Atlantic started coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. TD Cowen reduced their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note 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, UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.