Hussman Strategic Advisors Inc. Grows Stock Holdings in Cheniere Energy Partners, L.P. $CQP

Key Points

• Hussman Strategic Advisors doubled its stake in Cheniere Energy Partners in Q4, buying an additional 21,000 shares to hold 42,000 shares valued at about $2.246 million.
• Cheniere reported a strong quarter with $2.38 EPS vs. $1.11 expected and $2.91 billion in revenue (+18.3% YoY), and announced a quarterly dividend of $0.775 (annualized $3.10, ~4.6% yield; ex-dividend May 8).
• Analyst sentiment is mixed-to-negative overall: the MarketBeat consensus is "Reduce" with a $60.43 price target, despite several firms raising targets and many institutional investors holding the stock (≈46.6% ownership).

Hussman Strategic Advisors Inc. boosted its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the company's stock after purchasing an additional 21,000 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Cheniere Energy Partners were worth $2,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CQP. Larson Financial Group LLC raised its stake in Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company's stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company's stock valued at $27,000 after purchasing an additional 306 shares in the last quarter. Caldwell Trust Co purchased a new stake in Cheniere Energy Partners during the fourth quarter valued at $29,000. CENTRAL TRUST Co raised its stake in shares of Cheniere Energy Partners by 203.1% in the third quarter. CENTRAL TRUST Co now owns 1,864 shares of the company's stock valued at $100,000 after acquiring an additional 1,249 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at $114,000. Hedge funds and other institutional investors own 46.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a "sell" rating in a research note on Thursday, April 2nd. Royal Bank Of Canada increased their target price on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the company a "sector perform" rating in a research note on Friday, March 6th. Barclays increased their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an "underweight" rating in a research note on Friday, February 27th. Zacks Research upgraded shares of Cheniere Energy Partners from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $60.43.

Cheniere Energy Partners Stock Down 0.4%

Shares of Cheniere Energy Partners stock opened at $66.78 on Friday. The company has a debt-to-equity ratio of 34.21, a current ratio of 0.78 and a quick ratio of 0.68. Cheniere Energy Partners, L.P. has a 1 year low of $49.53 and a 1 year high of $70.64. The firm's 50-day moving average is $63.70 and its two-hundred day moving average is $57.64. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 12.92 and a beta of 0.36.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The company had revenue of $2.91 billion for the quarter. During the same quarter in the previous year, the company earned $1.05 earnings per share. The firm's revenue was up 18.3% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy Partners, L.P. will post 4.13 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, May 8th. Cheniere Energy Partners's dividend payout ratio is presently 59.96%.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. NYSE: CQP is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership's business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP's assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company's core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

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