NEOS Investment Management LLC Boosts Stock Position in Cheniere Energy Partners, L.P. $CQP

Key Points

• NEOS Investment Management increased its Cheniere Energy Partners stake by 39.4% in the second quarter, bringing its holdings to 352,339 shares valued at approximately $21.5 million. Institutional investors collectively own 46.55% of the stock.
• Cheniere Energy Partners reported strong quarterly results, with $2.14 in earnings per share versus the $1.01 analyst consensus and revenue of $2.58 billion, up 5.2% year over year.
• The company declared a quarterly dividend of $0.775 per share, equal to $3.10 annually and a 4.5% yield. Despite the dividend, analysts maintain a predominantly negative view, with an average “Reduce” rating and a $62 price target versus the reported share price of $68.98.

NEOS Investment Management LLC lifted its stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 39.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,339 shares of the company's stock after acquiring an additional 99,542 shares during the period. NEOS Investment Management LLC owned approximately 0.07% of Cheniere Energy Partners worth $21,475,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Asset One Wealth Management LLC lifted its holdings in Cheniere Energy Partners by 1.6% during the 2nd quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company's stock worth $636,000 after purchasing an additional 157 shares in the last quarter. Larson Financial Group LLC increased its position in shares of 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 buying an additional 205 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Cheniere Energy Partners by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company's stock worth $740,000 after buying an additional 215 shares in the last quarter. Powell Investment Advisors LLC lifted its holdings in shares of Cheniere Energy Partners by 1.4% in the first quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company's stock worth $1,167,000 after buying an additional 250 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of Cheniere Energy Partners by 6.8% in the third quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company's stock valued at $233,000 after acquiring an additional 275 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Trading Up 0.8%

Shares of Cheniere Energy Partners stock opened at $68.98 on Friday. Cheniere Energy Partners, L.P. has a 1 year low of $49.53 and a 1 year high of $71.25. The firm has a market cap of $33.39 billion, a PE ratio of 12.52 and a beta of 0.32. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09. The company has a 50 day simple moving average of $65.72 and a two-hundred day simple moving average of $63.92.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The firm had revenue of $2.58 billion for the quarter. During the same period in the previous year, the company earned $0.91 EPS. Cheniere Energy Partners's quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Cheniere Energy Partners, L.P. will post 4.41 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 4.5%. Cheniere Energy Partners's dividend payout ratio (DPR) is 56.26%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a "sector perform" rating in a report on Monday, August 24th. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday. Weiss Ratings upgraded Cheniere Energy Partners from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Barclays lifted their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of $62.00.

Cheniere Energy Partners 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source