Fayez Sarofim & Co Makes New $451,000 Investment in Cheniere Energy Partners, L.P. (NYSE:CQP)

Key Points

• Fayez Sarofim & Co acquired 6,829 shares of Cheniere Energy Partners, L.P., valued at approximately $451,000, as part of its recent investment strategy.
• Cheniere Energy Partners has received multiple revised price targets from analysts, with average ratings indicating a "Reduce" status and a consensus price target of $55.80.
• The company recently announced a quarterly dividend of $0.82, which corresponds to an annual yield of 5.9% for investors.

Fayez Sarofim & Co acquired a new position in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,829 shares of the company's stock, valued at approximately $451,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its position in Cheniere Energy Partners by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 32,841 shares of the company's stock worth $2,169,000 after acquiring an additional 899 shares during the period. Powell Investment Advisors LLC raised its position in Cheniere Energy Partners by 1.3% in the first quarter. Powell Investment Advisors LLC now owns 17,040 shares of the company's stock worth $1,125,000 after acquiring an additional 220 shares during the period. LPL Financial LLC raised its position in Cheniere Energy Partners by 43.2% in the first quarter. LPL Financial LLC now owns 120,393 shares of the company's stock worth $7,951,000 after acquiring an additional 36,307 shares during the period. Texas Yale Capital Corp. raised its position in Cheniere Energy Partners by 3.8% in the first quarter. Texas Yale Capital Corp. now owns 51,710 shares of the company's stock worth $3,415,000 after acquiring an additional 1,875 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Cheniere Energy Partners by 5.1% in the first quarter. Avantax Advisory Services Inc. now owns 7,819 shares of the company's stock worth $516,000 after acquiring an additional 381 shares during the period. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

NYSE:CQP traded up $0.58 during trading hours on Tuesday, hitting $53.20. The stock had a trading volume of 46,889 shares, compared to its average volume of 191,720. The company has a 50 day simple moving average of $55.90 and a two-hundred day simple moving average of $59.32. Cheniere Energy Partners, L.P. has a one year low of $47.02 and a one year high of $68.42. The firm has a market capitalization of $25.75 billion, a price-to-earnings ratio of 12.91 and a beta of 0.44.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly 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). Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners's revenue for the quarter was up 29.6% on a year-over-year basis. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 8th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy Partners's payout ratio is currently 75.24%.

Analyst Ratings Changes

Several research firms have recently weighed in on CQP. Bank of America lifted their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company reduced their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday. Finally, Barclays lifted their target price on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. Five analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $54.80.

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.