Commonwealth Equity Services LLC Buys 534 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Commonwealth Equity Services LLC lifted its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,391 shares of the company’s stock after purchasing an additional 534 shares during the period. Commonwealth Equity Services LLC’s holdings in Cheniere Energy Partners were worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in Cheniere Energy Partners by 49.2% in the fourth 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Cheniere Energy Partners by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after purchasing an additional 167,567 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $25,000. Hennessy Advisors Inc. purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $463,000. Finally, MADDEN SECURITIES Corp purchased a new stake in shares of Cheniere Energy Partners in the first quarter worth approximately $507,000. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. 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. Barclays raised their target price on 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 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.25.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $48.84 on Wednesday. Cheniere Energy Partners, L.P. has a one year low of $45.51 and a one year high of $62.34. The business has a fifty day moving average price of $50.06 and a 200-day moving average price of $49.17. The firm has a market capitalization of $23.64 billion, a P/E ratio of 10.55 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy Partners had a negative return on equity of 292.75% and a net margin of 32.76%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Sell-side analysts expect that Cheniere Energy Partners, L.P. will post 4.25 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Wednesday, August 7th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 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.