Mackenzie Financial Corp Sells 35,765 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Mackenzie Financial Corp reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 39.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,699 shares of the energy company's stock after selling 35,765 shares during the period. Mackenzie Financial Corp's holdings in Cheniere Energy were worth $11,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. WR Wealth Planners LLC raised its holdings in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the fourth quarter valued at approximately $29,000. Banque Transatlantique SA bought a new stake in Cheniere Energy in the fourth quarter valued at approximately $32,000. Nemes Rush Group LLC raised its stake in Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Cheniere Energy in the fourth quarter valued at approximately $46,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE LNG traded up $5.13 on Friday, hitting $236.94. 3,960,968 shares of the stock traded hands, compared to its average volume of 1,876,193. Cheniere Energy, Inc. has a 12 month low of $153.58 and a 12 month high of $257.65. The business's fifty day moving average is $227.93 and its two-hundred day moving average is $223.66. The firm has a market capitalization of $52.55 billion, a price-to-earnings ratio of 16.65 and a beta of 0.41. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) 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). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the business posted $2.13 earnings per share. The firm's quarterly revenue was up 28.0% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Cheniere Energy's payout ratio is 14.63%.

Analyst Ratings Changes

Several research firms have issued reports on LNG. UBS Group restated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley increased their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America increased their target price on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.23.

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.