Hancock Whitney Corp Has $1.39 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Hancock Whitney Corp reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,732 shares of the energy company’s stock after selling 236 shares during the period. Hancock Whitney Corp’s holdings in Cheniere Energy were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after purchasing an additional 42,737 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy during the first quarter worth about $818,000. M&G PLC grew its stake in Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after buying an additional 46,602 shares in the last quarter. Jennison Associates LLC increased its holdings in Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Cheniere Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock valued at $20,436,000 after buying an additional 2,768 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several analyst reports. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. TD Cowen boosted their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $218.10 on Tuesday. The business has a 50 day moving average of $192.63 and a 200-day moving average of $179.32. The company has a market capitalization of $48.94 billion, a P/E ratio of 13.93 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.