Cheniere Energy Partners, L.P. (NYSE:CQP) is Alps Advisors Inc.'s 8th Largest Position

Alps Advisors Inc. lifted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,019,585 shares of the company's stock after buying an additional 1,283,564 shares during the period. Cheniere Energy Partners makes up 3.5% of Alps Advisors Inc.'s holdings, making the stock its 8th biggest position. Alps Advisors Inc. owned 1.86% of Cheniere Energy Partners worth $595,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cheniere Energy Partners by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company's stock valued at $126,313,000 after purchasing an additional 122,956 shares during the period. Invesco Ltd. lifted its position in Cheniere Energy Partners by 1.7% in the fourth quarter. Invesco Ltd. now owns 269,671 shares of the company's stock valued at $14,325,000 after buying an additional 4,383 shares during the last quarter. McGowan Group Asset Management Inc. lifted its position in Cheniere Energy Partners by 0.3% in the fourth quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company's stock valued at $12,712,000 after buying an additional 735 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in Cheniere Energy Partners by 2.0% in the first quarter. Miller Howard Investments Inc. NY now owns 104,157 shares of the company's stock valued at $6,879,000 after buying an additional 2,035 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Cheniere Energy Partners by 18.0% in the fourth quarter. LPL Financial LLC now owns 84,086 shares of the company's stock valued at $4,467,000 after buying an additional 12,840 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Down 0.9%

NYSE CQP traded down $0.52 during trading hours on Friday, hitting $54.23. 159,678 shares of the company were exchanged, compared to its average volume of 170,726. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 13.04 and a beta of 0.42. The company has a 50 day moving average of $57.29 and a two-hundred day moving average of $59.71. Cheniere Energy Partners, L.P. has a 52-week low of $47.00 and a 52-week high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 26.27% and a negative return on equity of 414.56%. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.05%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. The ex-dividend date was Friday, May 9th. Cheniere Energy Partners's dividend payout ratio is 74.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CQP shares. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $61.00 target price (up previously from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. Barclays upped their target price on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the company an "underweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th. Finally, Bank of America raised their price objective on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research note on Wednesday, June 25th. Five analysts have rated the stock with a sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $55.80.

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.