21,820 Shares in Cheniere Energy Partners (NYSE:CQP) Acquired by Founders Capital Management

Founders Capital Management purchased a new position in Cheniere Energy Partners (NYSE:CQP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,820 shares of the company's stock, valued at approximately $1,441,000. Cheniere Energy Partners comprises approximately 0.9% of Founders Capital Management's holdings, making the stock its 26th largest position.

A number of other large investors have also recently made changes to their positions in CQP. Vermillion Wealth Management Inc. purchased a new stake in Cheniere Energy Partners during the 4th quarter valued at about $29,000. Valley National Advisers Inc. increased its holdings in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after buying an additional 310 shares during the period. IFP Advisors Inc raised its position in Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after buying an additional 638 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter valued at approximately $201,000. Finally, Davidson Trust Co. purchased a new stake in shares of Cheniere Energy Partners in the 4th quarter valued at $212,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded down $0.90 during trading on Wednesday, hitting $58.60. 193,267 shares of the stock were exchanged, compared to its average volume of 194,686. Cheniere Energy Partners has a 12-month low of $46.73 and a 12-month high of $68.42. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 13.76 and a beta of 0.45. The firm's 50-day moving average price is $59.41 and its 200 day moving average price is $59.53.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. During the same quarter last year, the firm earned $1.18 EPS. The company's revenue was up 30.2% on a year-over-year basis. As a group, research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a dividend yield of 5.60%. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 74.52%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CQP. JPMorgan Chase & Co. raised their target price on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Barclays raised their price target 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. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their target price for the company from $50.00 to $51.00 in a report on Friday, February 21st. Finally, Bank of America upped their target price on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a sell rating, According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average 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.