Powell Investment Advisors LLC Purchases 316 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Powell Investment Advisors LLC raised its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,021 shares of the company’s stock after acquiring an additional 316 shares during the quarter. Powell Investment Advisors LLC’s holdings in Cheniere Energy Partners were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Invesco Ltd. increased its position in Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares during the period. LPL Financial LLC increased its position in Cheniere Energy Partners by 6.0% during the 3rd quarter. LPL Financial LLC now owns 65,070 shares of the company’s stock valued at $3,526,000 after purchasing an additional 3,656 shares during the period. Mariner LLC increased its position in Cheniere Energy Partners by 12.4% during the 3rd quarter. Mariner LLC now owns 10,137 shares of the company’s stock valued at $549,000 after purchasing an additional 1,119 shares during the period. Nomura Holdings Inc. acquired a new stake in Cheniere Energy Partners during the 3rd quarter valued at approximately $1,295,000. Finally, Glenmede Trust Co. NA grew its position in shares of Cheniere Energy Partners by 4.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 51,795 shares of the company’s stock worth $2,807,000 after buying an additional 2,000 shares during the period. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 0.7 %

Shares of NYSE CQP traded up $0.36 during mid-day trading on Friday, reaching $49.11. 78,165 shares of the company’s stock were exchanged, compared to its average volume of 185,234. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 10.61 and a beta of 0.67. Cheniere Energy Partners, L.P. has a 52 week low of $45.51 and a 52 week high of $62.34. The stock has a 50-day moving average price of $48.64.

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

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend was Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CQP. UBS Group cut their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Barclays dropped their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, April 18th. Finally, Sanford C. Bernstein initiated coverage on Cheniere Energy Partners in a research note on Monday. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Hold” and an average target price of $49.00.

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.