ORG Wealth Partners LLC Purchases 10,771 Shares of Cheniere Energy Partners, L.P. $CQP

Key Points

• ORG Wealth Partners LLC increased its stake in Cheniere Energy Partners, L.P. by 331.6% in Q2, owning 14,019 shares worth $776,000 after purchasing 10,771 additional shares.
• Cheniere Energy Partners reported quarterly earnings of $0.91 per share, missing analyst expectations of $0.96, with a 29.6% year-over-year revenue growth to $2.46 billion.
• The company declared a quarterly dividend of $0.82 on August 14th, providing an annual yield of 6.1% based on its 75.24% dividend payout ratio.

ORG Wealth Partners LLC boosted its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 331.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,019 shares of the company's stock after purchasing an additional 10,771 shares during the period. ORG Wealth Partners LLC's holdings in Cheniere Energy Partners were worth $776,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CQP. Farther Finance Advisors LLC bought a new position in Cheniere Energy Partners during the 1st quarter worth about $34,000. Montag A & Associates Inc. bought a new position in Cheniere Energy Partners during the 1st quarter worth about $53,000. SVB Wealth LLC bought a new position in Cheniere Energy Partners during the 1st quarter worth about $69,000. Garrison Bradford & Associates Inc. bought a new position in Cheniere Energy Partners during the 1st quarter worth about $106,000. Finally, NBC Securities Inc. increased its holdings in Cheniere Energy Partners by 104,900.0% during the 1st quarter. NBC Securities Inc. now owns 2,100 shares of the company's stock worth $138,000 after purchasing an additional 2,098 shares in the last quarter. Institutional investors own 46.55% of the company's stock.

Wall Street Analyst Weigh In

CQP has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective 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, August 12th. Bank of America increased their price objective 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. Finally, Barclays reduced their price objective on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a research note on Thursday, August 14th. Five equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $54.60.

Cheniere Energy Partners Stock Performance

Shares of NYSE:CQP opened at $54.14 on Friday. Cheniere Energy Partners, L.P. has a 52-week low of $47.55 and a 52-week high of $68.42. The company has a market capitalization of $26.21 billion, a P/E ratio of 13.14 and a beta of 0.42. The company has a 50-day simple moving average of $54.29 and a 200 day simple moving average of $57.20.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share (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 analyst estimates of $2.21 billion. The company's quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners's dividend payout ratio (DPR) is 75.24%.

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.

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