Avantax Advisory Services Inc. Acquires 381 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Avantax Advisory Services Inc. raised its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 5.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,819 shares of the company’s stock after purchasing an additional 381 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Cheniere Energy Partners were worth $516,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CQP. Alps Advisors Inc. increased its holdings in shares of 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 acquiring an additional 1,283,564 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cheniere Energy Partners by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company’s stock valued at $126,313,000 after buying an additional 122,956 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of Cheniere Energy Partners in the first quarter worth $1,734,000. Raymond James Financial Inc. purchased a new stake in shares of Cheniere Energy Partners in the 4th quarter valued at about $1,365,000. Finally, Founders Capital Management purchased a new stake in shares of Cheniere Energy Partners during the 1st quarter valued at $1,441,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Down 0.9%

NYSE CQP opened at $56.69 on Wednesday. Cheniere Energy Partners, L.P. has a 52 week low of $47.00 and a 52 week high of $68.42. The company has a market capitalization of $27.44 billion, a P/E ratio of 13.63 and a beta of 0.44. The stock’s 50-day moving average price is $56.17 and its 200-day moving average price is $59.54.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue for the quarter 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. Research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 8th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.28 annualized dividend and a yield of 5.8%. Cheniere Energy Partners’s dividend payout ratio is currently 74.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CQP. Bank of America lifted their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday, April 28th. Barclays raised their target price on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $61.00 price target (up previously from $59.00) on shares of Cheniere Energy Partners in a research note on Wednesday, June 25th. Five investment analysts have rated the stock with a sell rating, Based on data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and an average target price of $55.80.

About Cheniere Energy Partners

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.