Empowered Funds LLC Has $5.45 Million Holdings in Cheniere Energy Partners, L.P. $CQP

Key Points

• Empowered Funds LLC significantly increased its holdings in Cheniere Energy Partners, raising its position by 139% in the first quarter, bringing its total shares to 82,511 worth approximately $5.4 million.
• Cheniere Energy Partners reported $0.91 earnings per share for the last quarter, which fell short of analysts' expectations and generated revenue of $2.46 billion, exceeding predictions.
• The company recently declared a quarterly dividend of $0.82 per share, yielding 6.2%, while its dividend payout ratio stands at 75.24%.

Empowered Funds LLC lifted its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 139.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,511 shares of the company's stock after buying an additional 47,985 shares during the quarter. Empowered Funds LLC's holdings in Cheniere Energy Partners were worth $5,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. increased its position in shares of Cheniere Energy Partners by 1.8% in the first quarter. Hennessy Advisors Inc. now owns 10,790 shares of the company's stock worth $713,000 after purchasing an additional 190 shares during the period. Powell Investment Advisors LLC increased its position in shares of Cheniere Energy Partners by 1.3% in the first quarter. Powell Investment Advisors LLC now owns 17,040 shares of the company's stock worth $1,125,000 after purchasing an additional 220 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Cheniere Energy Partners by 5.0% in the first quarter. Stratos Wealth Partners LTD. now owns 6,274 shares of the company's stock worth $414,000 after purchasing an additional 300 shares during the period. NewEdge Advisors LLC increased its position in shares of Cheniere Energy Partners by 3.2% in the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company's stock worth $642,000 after purchasing an additional 300 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Cheniere Energy Partners by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,249 shares of the company's stock worth $1,073,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded up $0.10 during midday trading on Wednesday, reaching $53.28. The company had a trading volume of 6,911 shares, compared to its average volume of 176,061. The stock has a fifty day moving average price of $54.45 and a 200 day moving average price of $57.73. The firm has a market cap of $25.79 billion, a PE ratio of 12.93 and a beta of 0.42. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.55 and a fifty-two week high of $68.42.

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

Cheniere Energy Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CQP shares. Bank of America raised their price target 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. Wells Fargo & Company decreased their target price on Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 12th. Finally, Barclays decreased their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating on the stock in a research report on Thursday, August 14th. Five equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheniere Energy Partners presently has a consensus rating of "Strong Sell" and a consensus price target of $54.60.

Cheniere Energy Partners Company 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.