Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on May 9th

Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors 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 yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th.

Cheniere Energy has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NYSE LNG opened at $159.14 on Friday. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The company has a market cap of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company has a 50-day simple moving average of $157.96.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. 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 firm earned $15.78 EPS. The firm’s revenue for the quarter was down 46.9% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy will post 8.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target 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. TD Cowen dropped their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, Barclays lifted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.