Cheniere Energy Partners, L.P. (NYSE:CQP) Shares Purchased by Wealthstar Advisors LLC

Wealthstar Advisors LLC increased its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 11.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,451 shares of the company’s stock after purchasing an additional 1,902 shares during the period. Wealthstar Advisors LLC’s holdings in Cheniere Energy Partners were worth $911,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CQP. Mirae Asset Global Investments Co. Ltd. grew its stake in Cheniere Energy Partners by 15.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock worth $110,119,000 after acquiring an additional 298,335 shares during the period. Goldman Sachs Group Inc. grew its stake in Cheniere Energy Partners by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after acquiring an additional 167,567 shares during the period. Wells Fargo & Company MN grew its stake in Cheniere Energy Partners by 49.2% in the 4th quarter. Wells Fargo & Company MN now owns 210,905 shares of the company’s stock worth $10,501,000 after acquiring an additional 69,567 shares during the period. Requisite Capital Management LLC purchased a new stake in Cheniere Energy Partners in the 4th quarter worth approximately $3,419,000. Finally, GraniteShares Advisors LLC purchased a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at $1,431,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Trading Up 0.9 %

NYSE CQP traded up $0.44 during trading hours on Thursday, hitting $49.70. The company had a trading volume of 38,167 shares, compared to its average volume of 144,669. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 10.72 and a beta of 0.69. Cheniere Energy Partners, L.P. has a fifty-two week low of $45.51 and a fifty-two week high of $62.34. The business has a fifty day moving average of $48.71.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Friday, May 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business posted $3.50 EPS. Cheniere Energy Partners’s revenue was down 21.3% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy Partners, L.P. will post 4.61 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were given a dividend of $0.775 per share. The ex-dividend date was Wednesday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 6.24%. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CQP shares. Sanford C. Bernstein started coverage on shares of Cheniere Energy Partners in a research note on Monday, June 24th. They set a “market perform” rating for the company. Barclays lowered their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, April 18th. Finally, UBS Group lowered their price objective on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.00.

Cheniere Energy Partners Company Profile

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.