Westwood Holdings Group Inc. Sells 11,545 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Westwood Holdings Group Inc. decreased its position in Cheniere Energy Partners, L.P. (NYSE:CQP) by 53.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,872 shares of the company’s stock after selling 11,545 shares during the period. Westwood Holdings Group Inc.’s holdings in Cheniere Energy Partners were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baystate Wealth Management LLC bought a new position in shares of Cheniere Energy Partners in the fourth quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new stake in Cheniere Energy Partners in the fourth quarter valued at $25,000. Russell Investments Group Ltd. bought a new stake in Cheniere Energy Partners in the first quarter valued at $34,000. Lee Financial Co boosted its holdings in Cheniere Energy Partners by 535.9% in the fourth quarter. Lee Financial Co now owns 1,170 shares of the company’s stock valued at $58,000 after acquiring an additional 986 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Cheniere Energy Partners by 34.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock valued at $72,000 after acquiring an additional 353 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Down 3.7 %

CQP traded down $1.96 during midday trading on Friday, hitting $50.93. 200,132 shares of the company traded hands, compared to its average volume of 129,876. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 11.00 and a beta of 0.69. The firm has a 50-day moving average of $50.00. Cheniere Energy Partners, L.P. has a 52 week low of $45.51 and a 52 week high of $62.34.

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 the consensus estimate of $0.97 by $0.21. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 EPS. On average, analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Wednesday, August 7th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

Wall Street Analyst Weigh In

CQP has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy Partners in a report on Monday, June 24th. They issued a “market perform” rating on the stock. UBS Group reduced their target price on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Barclays upped their target price on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.25.

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.