Militia Capital Partners LP Acquires New Stake in Cheniere Energy Partners, L.P. $CQP

Key Points

• Militia Capital Partners LP acquired 9,000 shares of Cheniere Energy Partners, valued at approximately $594,000, signaling interest from institutional investors in the company.
• Cheniere Energy Partners' recent earnings report revealed a net margin of 24.62% but missed EPS expectations, reporting $0.91 against a consensus estimate of $0.96.
• The company announced a quarterly dividend of $0.82, translating to an annualized amount of $3.28 and a dividend yield of 6.2%.

Militia Capital Partners LP acquired a new stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the company's stock, valued at approximately $594,000.

Several other institutional investors have also added to or reduced their stakes in CQP. Empowered Funds LLC increased its stake in Cheniere Energy Partners by 139.0% during the first quarter. Empowered Funds LLC now owns 82,511 shares of the company's stock worth $5,449,000 after acquiring an additional 47,985 shares during the last quarter. Everstar Asset Management LLC bought a new position in Cheniere Energy Partners during the 1st quarter worth about $1,787,000. Jones Financial Companies Lllp grew its holdings in Cheniere Energy Partners by 1,863.4% during the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company's stock worth $464,000 after acquiring an additional 6,671 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Cheniere Energy Partners by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company's stock worth $642,000 after acquiring an additional 300 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cheniere Energy Partners by 24.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company's stock valued at $195,061,000 after buying an additional 575,788 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Trading Up 0.3%

Shares of Cheniere Energy Partners stock traded up $0.15 during trading on Wednesday, reaching $53.33. The company's stock had a trading volume of 11,021 shares, compared to its average volume of 176,098. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.55 and a fifty-two week high of $68.42. The company has a 50-day moving average price of $54.45 and a two-hundred day moving average price of $57.73. The firm has a market cap of $25.81 billion, a PE ratio of 12.94 and a beta of 0.42.

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

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners's dividend payout ratio is currently 75.24%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CQP. Wells Fargo & Company decreased their price objective on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, August 12th. Barclays reduced their price target on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a research report on Thursday, August 14th. Finally, Bank of America lifted their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a report on Wednesday, June 25th. Five analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Strong Sell" and an average 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.