Founders Capital Management Lowers Stake in Cheniere Energy Partners, L.P. $CQP

Founders Capital Management reduced its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 26.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,817 shares of the company’s stock after selling 10,920 shares during the period. Cheniere Energy Partners makes up 0.9% of Founders Capital Management’s investment portfolio, making the stock its 25th biggest position. Founders Capital Management’s holdings in Cheniere Energy Partners were worth $1,648,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after purchasing an additional 306 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Cheniere Energy Partners by 203.1% during the 3rd quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock valued at $100,000 after purchasing an additional 1,249 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at about $126,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Cheniere Energy Partners by 24.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,555 shares of the company’s stock valued at $138,000 after buying an additional 494 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

CQP has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday, March 27th. Wells Fargo & Company lowered their price objective on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Barclays upped their price objective on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Friday, February 27th. Citigroup reduced their target price on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a report on Monday, January 12th. Finally, Royal Bank Of Canada boosted their price target on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $59.57.

Cheniere Energy Partners Price Performance

CQP opened at $64.84 on Wednesday. The company has a debt-to-equity ratio of 34.21, a current ratio of 0.78 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $61.06 and its 200 day simple moving average is $56.07. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 12.54 and a beta of 0.40. Cheniere Energy Partners, L.P. has a 1 year low of $49.53 and a 1 year high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The firm had revenue of $2.91 billion during the quarter. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.10 annualized dividend and a yield of 4.8%. Cheniere Energy Partners’s dividend payout ratio is presently 59.96%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.