Naples Global Advisors LLC Acquires 3,425 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Naples Global Advisors LLC increased its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,914 shares of the company’s stock after acquiring an additional 3,425 shares during the quarter. Naples Global Advisors LLC’s holdings in Cheniere Energy Partners were worth $929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CQP. Creekmur Asset Management LLC bought a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new position in Cheniere Energy Partners in the 1st quarter valued at approximately $34,000. Lee Financial Co raised its position in Cheniere Energy Partners by 535.9% during the 4th quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after purchasing an additional 986 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Cheniere Energy Partners by 21.8% in the first quarter. Global Retirement Partners LLC now owns 1,691 shares of the company’s stock worth $84,000 after acquiring an additional 303 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at $215,000. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Sanford C. Bernstein began coverage on shares of Cheniere Energy Partners in a research note on Monday, June 24th. They issued a “market perform” rating for the company. Finally, Barclays upped their price objective on Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.25.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock traded up $1.44 during midday trading on Friday, reaching $50.65. 186,484 shares of the company’s stock traded hands, compared to its average volume of 179,656. Cheniere Energy Partners, L.P. has a 12 month low of $45.51 and a 12 month high of $62.34. The company’s 50 day moving average is $50.11. The company has a market capitalization of $24.52 billion, a P/E ratio of 10.93 and a beta of 0.69.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. Research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date was Wednesday, August 7th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 6.12%. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

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.