Stratos Wealth Partners LTD. Buys 300 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Stratos Wealth Partners LTD. lifted its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,274 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy Partners were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Cheniere Energy Partners in the 1st quarter worth approximately $34,000. Vermillion Wealth Management Inc. bought a new position in Cheniere Energy Partners in the 4th quarter valued at approximately $29,000. NBC Securities Inc. lifted its position in Cheniere Energy Partners by 104,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,100 shares of the company’s stock valued at $138,000 after acquiring an additional 2,098 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Cheniere Energy Partners in the 1st quarter valued at approximately $221,000. Finally, American Institute for Advanced Investment Management LLP bought a new position in Cheniere Energy Partners in the 1st quarter valued at approximately $229,000. 46.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CQP. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $61.00 price objective (up from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. 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. Bank of America upped their price objective on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a research report on Wednesday, June 25th. Finally, 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. Five analysts have rated the stock with a sell rating, According to MarketBeat.com, Cheniere Energy Partners presently has an average rating of “Reduce” and a consensus target price of $55.80.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $55.14 on Tuesday. The business’s fifty day moving average price is $57.29 and its 200-day moving average price is $59.71. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of 13.26 and a beta of 0.42. Cheniere Energy Partners, L.P. has a 1-year low of $47.00 and a 1-year high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results 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 negative return on equity of 414.56% and a net margin of 26.27%. Cheniere Energy Partners’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Equities research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were issued a $0.82 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 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.