Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,798 shares of the energy company’s stock after selling 45,844 shares during the quarter. Federated Hermes Inc. owned approximately 0.16% of Cheniere Energy worth $63,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Vanguard Group Inc. grew its holdings in shares of Cheniere Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company’s stock worth $2,957,460,000 after buying an additional 223,024 shares in the last quarter. State Street Corp grew its stake in Cheniere Energy by 13.6% in the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock worth $961,421,000 after acquiring an additional 830,898 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 5.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock valued at $672,559,000 after acquiring an additional 220,802 shares during the last quarter. Morgan Stanley lifted its stake in shares of Cheniere Energy by 19.4% during the 4th quarter. Morgan Stanley now owns 3,542,925 shares of the energy company’s stock worth $531,297,000 after purchasing an additional 576,067 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Cheniere Energy by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 3,363,669 shares of the energy company’s stock worth $529,389,000 after buying an additional 71,466 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 2.3 %

Shares of NYSE LNG opened at $160.47 on Friday. The company’s 50-day moving average is $158.13. The company has a market capitalization of $37.01 billion, a PE ratio of 3.96 and a beta of 0.94. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the business posted $15.78 EPS. The business’s revenue for the quarter was down 46.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a yield of 1.08%. Cheniere Energy’s dividend payout ratio is currently 4.30%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays boosted their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research report on Tuesday. They set a “neutral” rating and a $162.00 target price on the stock. 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 note on Tuesday, February 27th. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $193.30.

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.