Keep an eye on Cheniere Energy Inc. (LNG).
Even after an incredible move to date, the natural gas stock could see higher highs. All after the company boosted guidance. It now expects to see full-year EBITDA of between $11 billion and $11.5 billion. Prior guidance was between $9.8 billion and $10.3 billion. The company also announced plans to boost its buyback program to $4 billion.
And, according to Barron’s, “The company also intends to increase annualized dividend by 20% to $1.58 a common share, and increase its future growth rate of dividend to about 10%.”
Helping, analysts at Mizuho Securities raised their price target on the LNG stock to $174 from $167. The firm also believes LNG will have about $12.2 billion in excess cash for stock buybacks, and for paying down debt through 2026.