Cheniere Energy Partners, L.P. (NYSE:CQP) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 6,504.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,623 shares of the company’s stock after buying an additional 4,553 shares during the period. GAMMA Investing LLC’s holdings in Cheniere Energy Partners were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CQP. Wealth Enhancement Advisory Services LLC acquired a new position in Cheniere Energy Partners during the fourth quarter valued at approximately $273,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. Montchanin Asset Management LLC raised its stake in shares of Cheniere Energy Partners by 2.6% in the 4th quarter. Montchanin Asset Management LLC now owns 20,015 shares of the company’s stock valued at $1,063,000 after acquiring an additional 500 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $347,000. Finally, McGowan Group Asset Management Inc. boosted its position in Cheniere Energy Partners by 0.3% during the 4th quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock worth $12,712,000 after purchasing an additional 735 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Partners Stock Down 1.1%

Shares of NYSE CQP opened at $55.90 on Friday. The stock has a market cap of $27.06 billion, a P/E ratio of 13.44 and a beta of 0.43. The firm’s 50-day simple moving average is $58.56 and its 200 day simple moving average is $59.65. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.00 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 26.27% and a negative return on equity of 414.56%. During the same quarter last year, the business posted $1.18 earnings per share. The business’s revenue was up 30.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared 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. This represents a $3.28 annualized dividend and a yield of 5.87%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, May 9th. Cheniere Energy Partners’s payout ratio is presently 74.52%.

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.