Cerity Partners LLC Raises Stake in Cheniere Energy Partners, L.P. (NYSE:CQP)

Cerity Partners LLC lifted its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,024 shares of the company’s stock after acquiring an additional 2,016 shares during the quarter. Cerity Partners LLC’s holdings in Cheniere Energy Partners were worth $1,388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CQP. Alps Advisors Inc. lifted its holdings in Cheniere Energy Partners by 16.6% during the first quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company’s stock valued at $595,653,000 after purchasing an additional 1,283,564 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Cheniere Energy Partners by 5.0% during the first quarter. Stratos Wealth Partners LTD. now owns 6,274 shares of the company’s stock valued at $414,000 after purchasing an additional 300 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Cheniere Energy Partners during the first quarter valued at $329,000. Miller Howard Investments Inc. NY raised its stake in Cheniere Energy Partners by 2.0% during the first quarter. Miller Howard Investments Inc. NY now owns 104,157 shares of the company’s stock valued at $6,879,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Spire Wealth Management raised its stake in Cheniere Energy Partners by 8.1% during the first quarter. Spire Wealth Management now owns 6,362 shares of the company’s stock valued at $420,000 after purchasing an additional 474 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th. Wells Fargo & Company reissued an “underweight” rating and set a $61.00 target price (up previously from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. Bank of America raised their target price on shares of 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 raised their target price on shares of 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, Based on data from MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Reduce” and a consensus target price of $55.80.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $52.76 on Tuesday. The business’s 50-day simple moving average is $56.86 and its 200-day simple moving average is $59.72. The firm has a market capitalization of $25.54 billion, a P/E ratio of 12.68 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 (EPS) for the quarter, topping 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%. During the same period in the previous year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS 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. Stockholders of record on Friday, May 9th were issued a $0.82 dividend. The ex-dividend date was Friday, May 9th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a dividend yield of 6.22%. Cheniere Energy Partners’s dividend payout ratio 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.