Stock Update (NYSE:LNG): Cheniere Energy, Inc. Declares Quarterly Dividend
Cheniere Energy, Inc. (NYSE:LNG) announced today that its Board of Directors declared a quarterly cash dividend of $0.020 per common share representing limited liability company interest in the Company. The dividend will be payable on May 29, 2015 to shareholders of record as of close of business May 19, 2015. (Original Source)
Shares of Cheniere Energy closed toady at $77.44, up $0.76 or 1.00%. LNG has a 1-year high of $85 and a 1-year low of $54.64. The stock’s 50-day moving average is $77.68 and its 200-day moving average is $73.63.
On the ratings front, Cheniere Energy has been the subject of a number of recent research reports. In a report issued on April 30, BTIG analyst William Frohnhoefer maintained a Buy rating on LNG. Separately, on January 20, Barclays’ Christine Cho maintained a Buy rating on the stock and has a price target of $90.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, William Frohnhoefer and Christine Cho have a total average return of 24.4% and 22.5% respectively. Frohnhoefer has a success rate of 57.7% and is ranked #391 out of 3596 analysts, while Cho has a success rate of 60.0% and is ranked #1463.
Cheniere Energy Inc is engaged in LNG-related businesses. It owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.