GAMMA Investing LLC Acquires 4,553 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

GAMMA Investing LLC raised its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 6,504.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,623 shares of the company's stock after purchasing an additional 4,553 shares during the quarter. GAMMA Investing LLC's holdings in Cheniere Energy Partners were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cheniere Energy Partners by 5.5% in the 4th 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. grew its stake in shares of Cheniere Energy Partners by 1.7% during the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company's stock worth $14,325,000 after acquiring an additional 4,383 shares during the period. McGowan Group Asset Management Inc. grew its stake in shares of Cheniere Energy Partners by 0.3% during the 4th quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company's stock worth $12,712,000 after acquiring an additional 735 shares during the period. LPL Financial LLC grew its stake in shares of Cheniere Energy Partners by 18.0% during the 4th quarter. LPL Financial LLC now owns 84,086 shares of the company's stock worth $4,467,000 after acquiring an additional 12,840 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Cheniere Energy Partners by 5.3% during the 4th quarter. First Trust Advisors LP now owns 81,120 shares of the company's stock worth $4,309,000 after acquiring an additional 4,094 shares during the period. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Stock Performance

NYSE CQP traded down $0.62 during trading hours on Friday, hitting $55.90. The company had a trading volume of 743,787 shares, compared to its average volume of 166,438. Cheniere Energy Partners, L.P. has a 52 week low of $47.00 and a 52 week high of $68.42. The firm has a 50 day simple moving average of $58.56 and a 200 day simple moving average of $59.67. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 13.44 and a beta of 0.43.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its 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 negative return on equity of 414.56% and a net margin of 26.27%. During the same period in the prior year, the company posted $1.18 earnings per share. The company's quarterly revenue was up 30.2% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.28 annualized dividend and a yield of 5.87%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 74.52%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CQP shares. JPMorgan Chase & Co. increased their price target on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Barclays increased their price target on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. Finally, Bank of America increased their price target on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $54.00.

About Cheniere Energy Partners

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.