Federated Hermes Inc. Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Federated Hermes Inc. grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 69.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 622,446 shares of the energy company's stock after acquiring an additional 256,009 shares during the period. Federated Hermes Inc. owned about 0.28% of Cheniere Energy worth $133,741,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LNG. IHT Wealth Management LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $841,000. Royal London Asset Management Ltd. lifted its position in shares of Cheniere Energy by 2.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 104,141 shares of the energy company's stock worth $18,729,000 after purchasing an additional 2,284 shares during the period. Quantinno Capital Management LP lifted its position in shares of Cheniere Energy by 26.8% in the 3rd quarter. Quantinno Capital Management LP now owns 14,800 shares of the energy company's stock worth $2,662,000 after purchasing an additional 3,124 shares during the period. Stifel Financial Corp lifted its position in shares of Cheniere Energy by 2.3% in the 3rd quarter. Stifel Financial Corp now owns 267,885 shares of the energy company's stock worth $48,185,000 after purchasing an additional 6,025 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at $1,670,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG stock traded up $6.04 during trading on Friday, hitting $218.88. The company's stock had a trading volume of 1,109,781 shares, compared to its average volume of 1,872,586. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market cap of $48.96 billion, a PE ratio of 15.35 and a beta of 0.67. The business has a fifty day moving average of $219.71 and a 200-day moving average of $213.19. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65.

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Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio is 14.05%.

Analysts Set New Price Targets

LNG has been the subject of a number of recent analyst reports. UBS Group reiterated a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Mizuho boosted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Morgan Stanley raised their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $239.79.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.