Cheniere Energy Partners, L.P. (NYSE:CQP) Shares Purchased by Powell Investment Advisors LLC

Powell Investment Advisors LLC raised its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,021 shares of the company’s stock after purchasing an additional 316 shares during the period. Powell Investment Advisors LLC’s holdings in Cheniere Energy Partners were worth $791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. raised its position in shares of Cheniere Energy Partners by 161.3% during the 1st quarter. Hennessy Advisors Inc. now owns 24,300 shares of the company’s stock worth $1,200,000 after buying an additional 15,000 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Cheniere Energy Partners by 3.7% during the 1st quarter. Miller Howard Investments Inc. NY now owns 96,659 shares of the company’s stock worth $4,774,000 after buying an additional 3,434 shares in the last quarter. MADDEN SECURITIES Corp bought a new stake in shares of Cheniere Energy Partners during the 1st quarter worth about $507,000. Creekmur Asset Management LLC bought a new stake in shares of Cheniere Energy Partners during the 4th quarter worth about $25,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Cheniere Energy Partners by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after buying an additional 167,567 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Price Performance

Shares of CQP stock traded up $0.36 during trading hours on Friday, reaching $49.11. 78,165 shares of the stock traded hands, compared to its average volume of 185,234. Cheniere Energy Partners, L.P. has a 1-year low of $45.51 and a 1-year high of $62.34. The firm has a fifty day moving average of $48.64. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 10.61 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $1.90 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 earnings per share. As a group, analysts forecast that Cheniere Energy Partners, L.P. will post 4.61 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend was Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Analyst Ratings Changes

CQP has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy Partners in a report on Monday. They issued a “market perform” rating on the stock. Barclays dropped their target price on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, April 18th. Finally, UBS Group dropped their target price on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.00.

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.