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

Federated Hermes Inc. raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 69.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 622,446 shares of the energy company’s stock after buying an additional 256,009 shares during the period. Federated Hermes Inc. owned approximately 0.28% of Cheniere Energy worth $133,741,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock valued at $886,664,000 after buying an additional 379,142 shares during the period. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter worth about $629,197,000. Amundi grew its position in shares of Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after buying an additional 448,189 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of Cheniere Energy by 5.2% during the fourth quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company’s stock worth $395,788,000 after buying an additional 91,554 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target for the company. The Goldman Sachs Group boosted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. Finally, StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Trading Down 10.6 %

LNG opened at $196.84 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The business’s 50 day moving average is $221.78 and its two-hundred day moving average is $212.22. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 13.83 and a beta of 0.67.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.02%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

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.