Mackenzie Financial Corp Has $28.42 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Mackenzie Financial Corp decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,550 shares of the energy company’s stock after selling 62,673 shares during the period. Mackenzie Financial Corp’s holdings in Cheniere Energy were worth $28,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNG. Daiwa Securities Group Inc. lifted its holdings in shares of Cheniere Energy by 27.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after buying an additional 6,235 shares during the last quarter. Sei Investments Co. lifted its stake in Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after acquiring an additional 11,800 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at $818,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Barclays upped their target price on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Price Performance

NYSE LNG opened at $179.63 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The stock has a market capitalization of $40.64 billion, a PE ratio of 8.75 and a beta of 0.95. The stock has a 50-day simple moving average of $180.74 and a 200 day simple moving average of $168.68. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the company earned $5.61 EPS. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its Board of Directors has initiated a stock buyback plan on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.