Mackenzie Financial Corp Acquires 10,797 Shares of Cheniere Energy, Inc. $LNG

Mackenzie Financial Corp increased its holdings in Cheniere Energy, Inc. by 21.6% in Q2, acquiring an additional 10,797 shares, totaling 60,774 shares valued at $14.8 million. Institutional investors own 87.26% of Cheniere's stock. Analysts have a consensus 'Moderate Buy' rating with an average target price of $268.47. Cheniere's Q3 earnings exceeded expectations with $4.75 EPS and $4.44 billion revenue, marking an 18% year-over-year increase.

Mackenzie Financial Corp raised its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 21.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,774 shares of the energy company's stock after acquiring an additional 10,797 shares during the period. Mackenzie Financial Corp's holdings in Cheniere Energy were worth $14,800,000 as of its most recent filing with the Securities and Exchange Commission.

Energy Crunch Ahead: 3 Natural Gas Stocks Set to Gain

Several other large investors also recently modified their holdings of the business. Altman Advisors Inc. lifted its holdings in shares of Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company's stock valued at $2,409,000 after purchasing an additional 44 shares in the last quarter. Hemington Wealth Management increased its stake in Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after purchasing an additional 48 shares in the last quarter. Brooklyn Investment Group raised its holdings in Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after buying an additional 48 shares during the period. Bailard Inc. lifted its stake in Cheniere Energy by 0.7% in the second quarter. Bailard Inc. now owns 6,663 shares of the energy company's stock valued at $1,623,000 after buying an additional 49 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its stake in Cheniere Energy by 1.5% in the second quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company's stock valued at $806,000 after buying an additional 50 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Get Cheniere Energy alerts:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LNG. The Goldman Sachs Group reissued a "buy" rating and set a $275.00 price objective on shares of Cheniere Energy in a research report on Monday, November 3rd. Mizuho upped their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Erste Group Bank downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Monday, November 10th. Zacks Research lowered Cheniere Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 4th. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a research report on Friday, September 19th. They set an "outperform" rating and a $268.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $268.47.

Now Is a Great Time to Buy Cheniere Energy: New High Expected

View Our Latest Research Report on Cheniere Energy

Cheniere Energy Stock Up 0.9%

Shares of LNG stock opened at $210.41 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The firm's fifty day moving average price is $219.41 and its two-hundred day moving average price is $229.71. The firm has a market capitalization of $45.29 billion, a P/E ratio of 12.28, a PEG ratio of 6.08 and a beta of 0.36.

3 Energy Stock Winners Even as Oil Prices Plunge

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.93 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.1%. This is a boost from Cheniere Energy's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy's payout ratio is currently 12.37%.

Insiders Place Their Bets

In related news, Director W Benjamin Moreland purchased 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares of the company's stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Company Profile

(Free Report)

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.

Should You Invest $1,000 in Cheniere Energy Right Now?

Before you consider Cheniere Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cheniere Energy wasn't on the list.

While Cheniere Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here