Everstar Asset Management LLC Invests $1.79 Million in Cheniere Energy Partners, L.P. $CQP

Key Points

• Everstar Asset Management LLC has made a new investment of approximately $1.79 million in Cheniere Energy Partners, acquiring 27,060 shares during the first quarter.
• Cheniere Energy Partners reported $0.91 earnings per share for the last quarter, missing estimates, but had a 29.6% increase in year-over-year revenue with $2.46 billion.
• Institutional investors hold 46.55% of Cheniere Energy Partners' stock, and recent analyst ratings reflect a weak outlook with several firms issuing "underweight" ratings.

Everstar Asset Management LLC acquired a new stake in shares of 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 (SEC). The firm acquired 27,060 shares of the company's stock, valued at approximately $1,787,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in Cheniere Energy Partners by 10.6% during the 1st quarter. Cerity Partners LLC now owns 21,024 shares of the company's stock valued at $1,388,000 after purchasing an additional 2,016 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in 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 acquiring an additional 303 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Cheniere Energy Partners by 65.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,499 shares of the company's stock valued at $561,000 after acquiring an additional 3,364 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Cheniere Energy Partners during the 4th quarter valued at $279,000. Finally, Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 16.6% in the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock worth $595,653,000 after purchasing an additional 1,283,564 shares during the period. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Stock Up 0.2%

CQP stock traded up $0.13 during trading on Thursday, reaching $53.27. The company's stock had a trading volume of 58,916 shares, compared to its average volume of 177,583. Cheniere Energy Partners, L.P. has a 1 year low of $47.55 and a 1 year high of $68.42. The company's fifty day moving average is $54.68 and its 200-day moving average is $58.13. The company has a market capitalization of $25.79 billion, a P/E ratio of 12.93 and a beta of 0.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 24.62% and a negative return on equity of 503.86%. The firm's quarterly revenue was up 29.6% on a year-over-year basis. Analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

CQP has been the subject of several research analyst reports. Bank of America raised their price objective on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a report on Wednesday, June 25th. Barclays lowered their target price on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a report on Thursday, August 14th. Finally, Wells Fargo & Company lowered their price objective 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. Five investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Strong Sell" and an average target price 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.