Everstar Asset Management LLC bought a new stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,060 shares of the company's stock, valued at approximately $1,787,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC grew its position in Cheniere Energy Partners by 10.6% in the 1st quarter. Cerity Partners LLC now owns 21,024 shares of the company's stock valued at $1,388,000 after buying an additional 2,016 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Cheniere Energy Partners by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,249 shares of the company's stock valued at $1,073,000 after buying an additional 303 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Cheniere Energy Partners by 65.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,499 shares of the company's stock valued at $561,000 after buying an additional 3,364 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Cheniere Energy Partners in the 4th quarter valued at $279,000. Finally, Alps Advisors Inc. grew its position in Cheniere Energy Partners by 16.6% in the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock valued at $595,653,000 after buying an additional 1,283,564 shares during the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.
Cheniere Energy Partners Price Performance
Shares of NYSE CQP traded down $1.03 during trading on Friday, hitting $52.24. 153,792 shares of the company were exchanged, compared to its average volume of 64,137. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 12.68 and a beta of 0.42. Cheniere Energy Partners, L.P. has a 1 year low of $47.55 and a 1 year high of $68.42. The firm's fifty day moving average price is $54.56 and its 200 day moving average price is $57.93.
Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The company had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.21 billion. Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The business's quarterly revenue was up 29.6% on a year-over-year basis. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were given a $0.82 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.28 annualized dividend and a dividend yield of 6.3%. Cheniere Energy Partners's payout ratio is currently 75.24%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CQP shares. Bank of America lifted 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 report on Wednesday, June 25th. Wells Fargo & Company lowered their price objective on shares of 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 shares of 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 analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Sell" and a consensus price target of $54.60.
View Our Latest Stock Report on CQP
About Cheniere Energy Partners
(
Free Report)
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.
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