Federated Hermes Inc. Cuts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Federated Hermes Inc. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 374,798 shares of the energy company's stock after selling 45,844 shares during the period. Federated Hermes Inc. owned 0.16% of Cheniere Energy worth $63,982,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Capital World Investors bought a new stake in Cheniere Energy during the 1st quarter worth approximately $391,652,000. Norges Bank bought a new stake in shares of Cheniere Energy in the fourth quarter worth $261,515,000. State Street Corp increased its holdings in Cheniere Energy by 13.6% in the first quarter. State Street Corp now owns 6,934,156 shares of the energy company's stock valued at $961,421,000 after purchasing an additional 830,898 shares during the period. Canada Pension Plan Investment Board raised its position in Cheniere Energy by 73.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company's stock worth $248,293,000 after purchasing an additional 631,100 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in 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 buying an additional 576,067 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Trading Up 1.0 %

NYSE LNG traded up $1.64 on Friday, hitting $162.07. 1,994,571 shares of the company were exchanged, compared to its average volume of 1,899,793. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The stock has a market capitalization of $37.38 billion, a P/E ratio of 4.00 and a beta of 0.94. The stock's fifty day moving average is $158.09. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $15.78 EPS. The business's revenue was down 46.9% on a year-over-year basis. On average, analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. The ex-dividend date was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.07%. Cheniere Energy's dividend payout ratio is 4.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LNG. Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a report on Tuesday. They set a "neutral" rating and a $162.00 price target for the company. 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 report 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 investment 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 a consensus rating of "Moderate Buy" and an average target price of $193.30.

Cheniere Energy 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.