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

Wealthstar Advisors LLC grew its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Powell Investment Advisors LLC increased its stake in Cheniere Energy Partners by 2.0% in the first quarter. Powell Investment Advisors LLC now owns 16,021 shares of the company’s stock valued at $791,000 after purchasing an additional 316 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of Cheniere Energy Partners by 161.3% in the first quarter. Hennessy Advisors Inc. now owns 24,300 shares of the company’s stock valued at $1,200,000 after buying an additional 15,000 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in Cheniere Energy Partners by 3.7% during the 1st quarter. Miller Howard Investments Inc. NY now owns 96,659 shares of the company’s stock valued at $4,774,000 after purchasing an additional 3,434 shares in the last quarter. MADDEN SECURITIES Corp acquired a new stake in Cheniere Energy Partners during the 1st quarter valued at approximately $507,000. Finally, Creekmur Asset Management LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter valued at approximately $25,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

NYSE CQP traded up $0.44 on Thursday, reaching $49.70. The stock had a trading volume of 38,167 shares, compared to its average volume of 144,669. The firm has a 50 day simple moving average of $48.71. Cheniere Energy Partners, L.P. has a 1 year low of $45.51 and a 1 year high of $62.34. The company has a market capitalization of $24.06 billion, a P/E ratio of 10.72 and a beta of 0.69.

Cheniere Energy Partners (NYSE:CQP) last posted 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 business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. The firm’s revenue was down 21.3% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy Partners, L.P. will post 4.61 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were issued a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.24%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Wall Street Analysts Forecast Growth

CQP has been the subject of a number of recent analyst reports. Barclays lowered their price objective on 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. Sanford C. Bernstein assumed coverage on Cheniere Energy Partners in a research report on Monday, June 24th. They set a “market perform” rating for the company. Finally, UBS Group dropped their price objective on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Cheniere Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Cheniere Energy Partners 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.