Federated Hermes Inc. Lowers Stake in Cheniere Energy, Inc. $LNG

Federated Hermes Inc. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 800,449 shares of the energy company’s stock after selling 18,599 shares during the quarter. Federated Hermes Inc.’s holdings in Cheniere Energy were worth $188,089,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Cheniere Energy by 718.1% in the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after buying an additional 1,465 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Cheniere Energy during the second quarter valued at approximately $1,723,000. Railway Pension Investments Ltd lifted its position in shares of Cheniere Energy by 62.9% in the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after acquiring an additional 300,100 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Cheniere Energy by 3.3% in the second quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Cheniere Energy by 3.9% in the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock worth $26,360,000 after acquiring an additional 4,083 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.5%

Shares of NYSE LNG opened at $205.38 on Wednesday. The company has a market capitalization of $44.20 billion, a P/E ratio of 11.44, a P/E/G ratio of 6.64 and a beta of 0.26. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The company has a 50 day simple moving average of $199.14 and a 200-day simple moving average of $218.56. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $246.42.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the business posted $3.93 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Jefferies Financial Group set a $251.00 target price on shares of Cheniere Energy in a research report on Sunday. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Scotiabank reiterated an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $263.29.

Insider Buying and Selling

In related news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.