Chickasaw Capital Management LLC Takes $835,000 Position in Cheniere Energy Partners, L.P. $CQP

Key Points

• Chickasaw Capital Management LLC acquired 14,894 shares of Cheniere Energy Partners, L.P. during the 2nd quarter, valuing the purchase at approximately $835,000.
• The company announced a quarterly dividend of $0.82, resulting in an annualized dividend yield of 6.1%.
• Cheniere Energy Partners reported earnings of $0.91 per share for the last quarter, missing estimates, while its revenue increased by 29.6% year-over-year to $2.46 billion.

Chickasaw Capital Management LLC bought a new stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,894 shares of the company's stock, valued at approximately $835,000.

Other institutional investors also recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth approximately $34,000. Montag A & Associates Inc. acquired a new position in shares of Cheniere Energy Partners during the first quarter worth approximately $53,000. SVB Wealth LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth approximately $69,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in shares of Cheniere Energy Partners during the first quarter worth approximately $106,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Down 2.4%

CQP traded down $1.31 during midday trading on Friday, reaching $52.46. 124,388 shares of the company's stock were exchanged, compared to its average volume of 77,292. The firm has a market capitalization of $25.39 billion, a price-to-earnings ratio of 12.73 and a beta of 0.42. Cheniere Energy Partners, L.P. has a one year low of $47.55 and a one year high of $68.42. The business has a 50-day simple moving average of $54.37 and a two-hundred day simple moving average of $57.49.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.05). Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners's payout ratio is 75.24%.

Analyst Ratings Changes

CQP has been the subject of several analyst reports. Bank of America boosted their price objective on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 25th. Barclays decreased their price target on Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a research note on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price target on Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Strong Sell" and a consensus target price of $54.60.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.