Mackenzie Financial Corp Sells 4,722 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Mackenzie Financial Corp reduced its holdings in Cheniere Energy, Inc. by 8.6% during the first quarter, now owning approximately 49,977 shares valued at about $11.57 million.
• Cheniere Energy reported a loss of earnings per share at $1.57, missing estimates of $2.81, despite its revenue rising to $5.44 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, reflecting a low dividend payout ratio of 14.63% and an annual yield of approximately 0.8%.

Mackenzie Financial Corp lessened its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,977 shares of the energy company's stock after selling 4,722 shares during the period. Mackenzie Financial Corp's holdings in Cheniere Energy were worth $11,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. REAP Financial Group LLC boosted its holdings in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $32,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy in the first quarter valued at about $38,000. Nemes Rush Group LLC increased its position in Cheniere Energy by 2,022.2% during the fourth 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 period. Finally, Ameriflex Group Inc. bought a new position in Cheniere Energy during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Buying and Selling

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director owned 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. 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. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.36.

Cheniere Energy Price Performance

NYSE LNG traded up $2.51 on Friday, reaching $238.39. 2,022,265 shares of the company's stock traded hands, compared to its average volume of 1,986,933. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The stock has a 50-day simple moving average of $235.42 and a 200 day simple moving average of $229.34. The stock has a market cap of $52.87 billion, a PE ratio of 17.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the previous year, the business earned $2.13 EPS. The business's revenue was up 28.0% compared to the same quarter last year. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be given 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 (DPR) is currently 14.63%.

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.