Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on November 8th

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend 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 $10.55 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 39.2%.

Cheniere Energy Stock Down 0.3 %

Shares of Cheniere Energy stock opened at $181.92 on Thursday. The stock’s fifty day moving average is $183.03 and its 200-day moving average is $172.87. The firm has a market capitalization of $41.16 billion, a PE ratio of 9.70 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $193.16.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. Equities analysts anticipate that Cheniere Energy will post 9.76 earnings per share for the current year.

Wall Street Analyst Weigh In

LNG has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Finally, Barclays increased their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.