NBC Securities Inc. Buys 2,098 Shares of Cheniere Energy Partners (NYSE:CQP)

NBC Securities Inc. grew its stake in Cheniere Energy Partners (NYSE:CQP) by 104,900.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after acquiring an additional 2,098 shares during the quarter. NBC Securities Inc.’s holdings in Cheniere Energy Partners were worth $138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Cheniere Energy Partners by 118.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company’s stock valued at $1,045,000 after purchasing an additional 10,683 shares in the last quarter. Corps Capital Advisors LLC bought a new position in shares of Cheniere Energy Partners during the fourth quarter valued at $499,000. MorganRosel Wealth Management LLC bought a new position in shares of Cheniere Energy Partners during the fourth quarter valued at $876,000. Ameriprise Financial Inc. bought a new position in shares of Cheniere Energy Partners during the fourth quarter valued at $279,000. Finally, Invesco Ltd. lifted its holdings in shares of Cheniere Energy Partners by 1.7% during the fourth quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock valued at $14,325,000 after purchasing an additional 4,383 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Down 3.4%

Shares of CQP opened at $56.85 on Tuesday. The business has a 50-day simple moving average of $58.75 and a two-hundred day simple moving average of $59.70. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 13.35 and a beta of 0.43. Cheniere Energy Partners has a 52 week low of $46.73 and a 52 week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. During the same quarter in the previous year, the company earned $1.18 earnings per share. Cheniere Energy Partners’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were given a dividend of $0.82 per share. The ex-dividend date was Friday, May 9th. This represents a $3.28 annualized dividend and a dividend yield of 5.77%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.78. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 74.52%.

Analysts Set New Price Targets

CQP has been the subject of a number of research reports. Bank of America upped their price objective on Cheniere Energy Partners from $49.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, April 29th. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Barclays upped their price objective on Cheniere Energy Partners from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $54.00.

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.