SOA Wealth Advisors LLC. Takes Position in Cheniere Energy Partners (NYSE:CQP)

SOA Wealth Advisors LLC. bought a new stake in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,256 shares of the company's stock, valued at approximately $1,734,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CQP. Stratos Wealth Partners LTD. grew its position in shares of Cheniere Energy Partners by 33.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,974 shares of the company's stock valued at $317,000 after purchasing an additional 1,500 shares in the last quarter. Empowered Funds LLC grew its holdings in Cheniere Energy Partners by 9.6% during the 4th quarter. Empowered Funds LLC now owns 34,526 shares of the company's stock valued at $1,834,000 after buying an additional 3,012 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in Cheniere Energy Partners by 1.6% during the 4th quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company's stock valued at $5,425,000 after buying an additional 1,571 shares in the last quarter. Powell Investment Advisors LLC increased its stake in Cheniere Energy Partners by 1.6% in the 4th quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company's stock worth $893,000 after acquiring an additional 258 shares during the last quarter. Finally, MADDEN SECURITIES Corp raised its holdings in shares of Cheniere Energy Partners by 9.9% during the 4th quarter. MADDEN SECURITIES Corp now owns 16,700 shares of the company's stock worth $887,000 after acquiring an additional 1,500 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded up $0.70 during trading on Wednesday, hitting $57.64. The stock had a trading volume of 204,034 shares, compared to its average volume of 164,079. The stock has a market cap of $27.90 billion, a PE ratio of 13.53 and a beta of 0.43. Cheniere Energy Partners has a 12 month low of $46.73 and a 12 month high of $68.42. The firm's fifty day simple moving average is $58.62 and its 200-day simple moving average is $59.68.

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, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. Analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were paid a $0.82 dividend. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy Partners's dividend payout ratio is currently 74.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a report on Monday, April 28th. Stifel Nicolaus cut shares of 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 research report on Friday, February 21st. Barclays lifted their price target on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. Finally, Bank of America raised their price objective on Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a sell rating, According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price 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.