Cheniere Energy, Inc. (NYSEAMERICAN: LNG – Get Rating) saw a significant increase in short-term interest in April. As of April 30, there was short interest totaling 2,820,000 shares, an increase of 22.1% from the total of 2,310,000 shares as of April 15. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume of 2,480,000 shares, the short interest ratio is currently 1.1 days.
LNG has been the subject of several research reports. Wells Fargo & Company raised its price target on Cheniere Energy shares from $162.00 to $185.00 in a Monday, May 9 research note. JPMorgan Chase & Co. raised its price target on shares of Cheniere Energy from $183.00 to $192.00 in a report Thursday, May 12. Mizuho raised its price target on shares of Cheniere Energy from $145.00 to $159.00 in a Friday, May 6 report. Barclays raised its price target on Cheniere Energy shares from $131.00 to $160.00 and gave the stock an “overweight” rating in a Monday, March 14 research report. Finally, Sanford C. Bernstein raised its price target on Cheniere Energy shares from $129.00 to $134.00 in a Thursday, February 17 research report. Eleven research analysts gave the stock a buy rating and one gave the company a strong buy rating. According to MarketBeat, Cheniere Energy currently has a consensus buy rating and a consensus price target of $149.92.
The LNG stock opened at $137.05 on Wednesday. Cheniere Energy has a 12-month low of $80.06 and a 12-month high of $150.00. The stock has a market capitalization of $34.83 billion, a P/E ratio of -14.82 and a beta of 1.26. The company has a debt ratio of 24.30, a current ratio of 1.08 and a quick ratio of 0.93.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last reported quarterly earnings data on Wednesday, May 4. The energy company reported ($3.41) earnings per share for the quarter, missing analyst consensus estimates of $3.45 per ($6.86). Cheniere Energy recorded a negative net margin of 14.77% and a positive return on equity of 30.72%. The company posted revenue of $7.48 billion for the quarter, versus a consensus estimate of $5.56 billion. In the same quarter of the previous year, the company achieved EPS of $1.54. The company’s quarterly revenue increased by 142.2% compared to the same quarter last year. As a group, research analysts expect Cheniere Energy to post earnings per share of 10.91 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17. Investors of record on Tuesday, May 10 received a dividend of $0.33 per share. The ex-dividend date was Monday, May 9. This represents a dividend of $1.32 on an annualized basis and a yield of 0.96%. Cheniere Energy’s payout ratio is -14.27%.
In related news, manager Neal A. Shear sold 10,318 shares in a trade dated Thursday, March 31. The shares were sold at an average price of $140.16, for a total value of $1,446,170.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 0.66% of the shares are held by company insiders.
Institutional investors and hedge funds have recently changed their positions in the stock. Wealthfront Advisers LLC increased its stake in shares of Cheniere Energy by 13.2% in the 1st quarter. Wealthfront Advisers LLC now owns 16,849 shares of the energy company valued at $2,336,000 after buying 1,967 additional shares last quarter. Continuum Advisory LLC purchased a new stake in shares of Cheniere Energy in Q1 valued at approximately $741,000. Linscomb & Williams Inc. increased its stake in shares of Cheniere Energy by 11.5% in the 1st quarter. Linscomb & Williams Inc. now owns 22,972 shares of the energy company valued at $3,185,000 after buying 2,362 additional shares last quarter. Virtu Financial LLC purchased a new stake in shares of Cheniere Energy in Q1 valued at approximately $3,342,000. Finally, Advisors Asset Management Inc. increased its stake in Cheniere Energy shares by 46.4% in the 1st quarter. Advisors Asset Management Inc. now owns 7,307 shares of the energy company valued at $1,013,000 after buying 2,317 more shares last quarter. Institutional investors hold 88.17% of the company’s shares.
About Cheniere Energy (Get an evaluation)
Cheniere Energy, Inc, an energy infrastructure company, is primarily engaged in liquefied natural gas (LNG) business 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 the Creole Trail pipeline, a 94-mile pipeline connecting the Sabine Pass LNG terminal to various interstate pipelines; and operates the Corpus Christi Pipeline, a 21.5-mile natural gas supply pipeline that connects the Corpus Christi LNG Terminal to various interstate and intrastate natural gas pipelines.
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