Mackenzie Financial Corp Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Mackenzie Financial Corp lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,555 shares of the energy company’s stock after acquiring an additional 44,508 shares during the quarter. Mackenzie Financial Corp owned 0.08% of Cheniere Energy worth $33,895,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the first quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management bought a new stake in Cheniere Energy during the third quarter worth about $40,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Cheniere Energy by 48.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock valued at $45,000 after acquiring an additional 89 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LNG. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays upped their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Redburn Atlantic began coverage on Cheniere Energy in a research report on Tuesday. They set a “neutral” rating and a $162.00 price target for the company. Finally, TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.30.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $156.81 on Thursday. The company has a market capitalization of $36.80 billion, a P/E ratio of 3.87 and a beta of 0.94. The company’s 50 day moving average is $158.25. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period in the previous year, the company earned $15.78 earnings per share. On average, analysts forecast that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.11%. Cheniere Energy’s dividend payout ratio is presently 4.30%.

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.