Bramshill Investments LLC purchased a new position in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,459 shares of the energy company’s stock, valued at approximately $1,153,000.
A number of other large investors also recently added to or reduced their stakes in CQP. UBS Group AG raised its holdings in shares of Cheniere Energy Partners by 5.1% during the 1st quarter. UBS Group AG now owns 443,849 shares of the energy company’s stock worth $25,015,000 after acquiring an additional 21,647 shares in the last quarter. ING Groep NV purchased a new stake in Cheniere Energy Partners during the 1st quarter valued at $5,625,000. Stonebridge Capital Advisors LLC purchased a new stake in Cheniere Energy Partners during the 1st quarter valued at $141,000. Clearbridge Investments LLC raised its holdings in Cheniere Energy Partners by 24.1% during the 1st quarter. Clearbridge Investments LLC now owns 949,727 shares of the energy company’s stock valued at $53,527,000 after buying an additional 184,500 shares during the period. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Cheniere Energy Partners during the 1st quarter valued at $217,000. 46.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CQP has been the topic of several recent research reports. US Capital Advisors upgraded Cheniere Energy Partners from an “underweight” rating to a “hold” rating in a report on Tuesday, July 26th. Barclays increased their price target on Cheniere Energy Partners from $45.00 to $48.00 and gave the company an “underweight” rating in a report on Tuesday, August 16th. Royal Bank of Canada upped their price objective on Cheniere Energy Partners from $55.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, August 11th. Evercore ISI raised Cheniere Energy Partners from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $54.00 to $55.00 in a research report on Thursday, August 11th. Finally, Wells Fargo & Company downgraded Cheniere Energy Partners from an “equal weight” rating to an “underweight” rating and set a $55.00 price objective on the stock. in a research report on Tuesday, May 31st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Hold” and an average price target of $51.43.
Cheniere Energy Partners Price Performance
Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.65). Cheniere Energy Partners had a return on equity of 270.04% and a net margin of 17.27%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $0.73 EPS. Cheniere Energy Partners’s quarterly revenue was up 121.3% compared to the same quarter last year. Equities analysts predict that Cheniere Energy Partners, L.P. will post 3.52 earnings per share for the current fiscal year.
Cheniere Energy Partners Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Thursday, August 4th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, August 3rd. Cheniere Energy Partners’s payout ratio is currently 103.68%.
Cheniere Energy Partners Profile
Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.
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