Cheniere Energy, Inc. (NYSE:LNG) Holdings Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 27.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,550 shares of the energy company’s stock after selling 62,673 shares during the period. Mackenzie Financial Corp owned 0.07% of Cheniere Energy worth $28,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $26,000. MCF Advisors LLC bought a new stake in Cheniere Energy during the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the second quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its stake in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $179.63 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44. The company has a market cap of $40.64 billion, a PE ratio of 8.75 and a beta of 0.95. The stock’s 50-day moving average price is $180.74 and its two-hundred day moving average price is $168.68.

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

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

Analyst Upgrades and Downgrades

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

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.