Tortoise Capital Advisors L.L.C. Grows Holdings in Cheniere Energy Partners, L.P. $CQP

Key Points

• Tortoise Capital Advisors increased its stake in Cheniere Energy Partners by 6.9%, holding 712,703 shares valued at approximately $47.07 million.
• Cheniere Energy Partners' most recent earnings report showed a miss on EPS estimates, reporting $0.91 against a consensus of $0.96, while revenue was better than expected at $2.46 billion.
• The company announced a quarterly dividend of $0.82, representing a 6.0% yield, with a payout ratio of 75.24%.

Tortoise Capital Advisors L.L.C. increased its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 712,703 shares of the company's stock after buying an additional 45,870 shares during the period. Cheniere Energy Partners accounts for about 0.6% of Tortoise Capital Advisors L.L.C.'s investment portfolio, making the stock its 22nd biggest holding. Tortoise Capital Advisors L.L.C. owned approximately 0.15% of Cheniere Energy Partners worth $47,067,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of Cheniere Energy Partners by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,457 shares of the company's stock worth $715,000 after buying an additional 511 shares during the period. Raymond James Financial Inc. bought a new position in Cheniere Energy Partners during the 4th quarter worth approximately $1,365,000. Mariner LLC boosted its stake in Cheniere Energy Partners by 62.7% during the 4th quarter. Mariner LLC now owns 32,997 shares of the company's stock worth $1,753,000 after acquiring an additional 12,711 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Cheniere Energy Partners by 17.3% during the fourth quarter. NewEdge Advisors LLC now owns 9,417 shares of the company's stock valued at $500,000 after purchasing an additional 1,388 shares during the period. Finally, First Trust Advisors LP increased its stake in Cheniere Energy Partners by 5.3% in the fourth quarter. First Trust Advisors LP now owns 81,120 shares of the company's stock valued at $4,309,000 after purchasing an additional 4,094 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Trading Up 0.1%

NYSE:CQP traded up $0.06 during mid-day trading on Wednesday, hitting $54.36. 20,843 shares of the company's stock were exchanged, compared to its average volume of 183,907. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.02 and a fifty-two week high of $68.42. The firm has a market capitalization of $26.31 billion, a P/E ratio of 13.19 and a beta of 0.44. The company has a 50 day simple moving average of $55.06 and a 200-day simple moving average of $58.71.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. The firm's quarterly revenue was up 29.6% on a year-over-year basis. As a group, analysts expect that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners's payout ratio is currently 75.24%.

Wall Street Analyst Weigh In

CQP has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of 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. 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. Finally, Bank of America increased their price target 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 stock currently has a consensus 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.