340,808 Cheniere Energy Partners, L.P. $CQP Shares Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors increased its CQP stake by 340,808 shares, or 3.7%, to 9.44 million shares, worth about $574.8 million at quarter-end. The position represents 1.95% of Cheniere Energy Partners.
• Cheniere Energy Partners reported quarterly EPS of $1.01, topping the $0.98 consensus, while revenue rose 7.1% year over year to $2.57 billion.
• The partnership cut its quarterly dividend from $0.775 to $0.115 per share. Analysts’ consensus rating was “Reduce,” with an average price target of $62.25.

Alps Advisors Inc. raised its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,444,969 shares of the company's stock after buying an additional 340,808 shares during the quarter. Cheniere Energy Partners comprises about 2.5% of Alps Advisors Inc.'s holdings, making the stock its 8th largest position. Alps Advisors Inc. owned 1.95% of Cheniere Energy Partners worth $574,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NEOS Investment Management LLC grew its stake in Cheniere Energy Partners by 39.4% in the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company's stock valued at $21,475,000 after acquiring an additional 99,542 shares during the period. Infrastructure Capital Advisors LLC lifted its position in shares of Cheniere Energy Partners by 43.3% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 226,611 shares of the company's stock valued at $14,646,000 after acquiring an additional 68,436 shares during the last quarter. Abacus FCF Advisors LLC raised its holdings in Cheniere Energy Partners by 161.2% in the 2nd quarter. Abacus FCF Advisors LLC now owns 195,939 shares of the company's stock worth $11,942,000 after acquiring an additional 120,937 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Cheniere Energy Partners by 59.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,080 shares of the company's stock valued at $393,000 after purchasing an additional 2,277 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Cheniere Energy Partners during the 2nd quarter worth approximately $86,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Up 0.2%

Shares of NYSE CQP opened at $57.36 on Friday. The company has a 50-day moving average price of $64.75 and a 200-day moving average price of $63.40. Cheniere Energy Partners, L.P. has a 1 year low of $49.76 and a 1 year high of $71.25. The stock has a market capitalization of $27.77 billion, a P/E ratio of 10.03 and a beta of 0.30. The company has a debt-to-equity ratio of 16.25, a current ratio of 1.19 and a quick ratio of 1.07.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.03. Cheniere Energy Partners had a return on equity of 497.69% and a net margin of 28.05%. The firm had revenue of $2.57 billion for the quarter. During the same period in the previous year, the company earned $0.80 earnings per share. Cheniere Energy Partners's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy Partners, L.P. will post 4.49 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.1150 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.8%. This is a decrease from Cheniere Energy Partners's previous quarterly dividend of $0.7750. The ex-dividend date is Tuesday, November 3rd. Cheniere Energy Partners's dividend payout ratio (DPR) is 54.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CQP shares. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday, September 4th. Barclays boosted their target price on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. Wells Fargo & Company dropped their price objective on Cheniere Energy Partners from $62.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, October 30th. Morgan Stanley upped their price target on Cheniere Energy Partners from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Friday, October 30th. Finally, Weiss Ratings cut Cheniere Energy Partners from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $62.25.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. is a publicly traded limited partnership focused on liquefied natural gas (LNG) infrastructure. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, where natural gas is processed into LNG for export.

The partnership's facilities include LNG liquefaction and storage infrastructure, marine loading facilities, and the Creole Trail Pipeline, which connects the terminal to natural gas supply networks. Sabine Pass began exporting LNG in 2016, marking an important early step in the growth of U.S.

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