Mackenzie Financial Corp Has $11.57 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Mackenzie Financial Corp lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,977 shares of the energy company’s stock after selling 4,722 shares during the quarter. Mackenzie Financial Corp’s holdings in Cheniere Energy were worth $11,565,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LNG. REAP Financial Group LLC grew its position in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA purchased a new position in Cheniere Energy during the 4th quarter worth $32,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the 1st quarter worth $38,000. Nemes Rush Group LLC boosted its holdings in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after acquiring an additional 182 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in Cheniere Energy during the 4th quarter worth $42,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $235.98 on Friday. The company has a market cap of $52.34 billion, a PE ratio of 17.26 and a beta of 0.42. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The firm’s 50-day simple moving average is $235.23 and its two-hundred day simple moving average is $229.37.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. Cheniere Energy’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is 14.63%.

Analysts Set New Price Targets

LNG has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. TD Cowen lifted their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.36.

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director directly owned 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by company insiders.

About Cheniere Energy

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.