GAMMA Investing LLC Grows Stock Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

GAMMA Investing LLC increased its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 6,504.3% in the first quarter, according to the company in its most recent 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 period. GAMMA Investing LLC's holdings in Cheniere Energy Partners were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CQP. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners during the fourth quarter worth about $29,000. IFP Advisors Inc raised its stake in Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock valued at $97,000 after acquiring an additional 638 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $201,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Cheniere Energy Partners in the 4th quarter valued at approximately $212,000. Finally, MGO One Seven LLC acquired a new position in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $273,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CQP has been the subject of several recent research reports. Barclays increased their price target on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a report on Wednesday, June 4th. Bank of America raised their target price on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. boosted 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 note on Monday, April 28th. Five analysts have rated the stock with a sell rating, According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $54.00.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock traded up $0.61 during midday trading on Tuesday, reaching $56.37. The company's stock had a trading volume of 224,801 shares, compared to its average volume of 166,874. The firm has a market capitalization of $27.29 billion, a PE ratio of 13.55 and a beta of 0.43. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.00 and a fifty-two week high of $68.42. The stock's 50 day simple moving average is $58.48 and its 200 day simple moving average is $59.66.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.08 EPS for the quarter, beating 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 period in the previous year, the business earned $1.18 earnings per share. Cheniere Energy Partners's revenue for the quarter was up 30.2% compared to the same quarter last year. Equities analysts predict that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.82%. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's dividend payout ratio is currently 74.52%.

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.