Donoghue Forlines LLC Buys New Shares in Cheniere Energy Partners, L.P. (NYSE:CQP)

Donoghue Forlines LLC bought a new stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,883 shares of the company’s stock, valued at approximately $538,000.

A number of other institutional investors also recently modified their holdings of CQP. B. Riley Wealth Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 4.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,609 shares of the company’s stock valued at $304,000 after acquiring an additional 244 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Cheniere Energy Partners by 11.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 47,356 shares of the company’s stock valued at $2,358,000 after acquiring an additional 5,027 shares during the period. Brookstone Capital Management lifted its position in shares of Cheniere Energy Partners by 36.0% during the 4th quarter. Brookstone Capital Management now owns 5,740 shares of the company’s stock valued at $286,000 after acquiring an additional 1,520 shares during the period. Wealthstar Advisors LLC raised its holdings in Cheniere Energy Partners by 268.2% during the fourth quarter. Wealthstar Advisors LLC now owns 16,549 shares of the company’s stock worth $824,000 after buying an additional 12,054 shares during the last quarter. Finally, Alaska Wealth Advisors acquired a new position in Cheniere Energy Partners during the fourth quarter worth $296,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CQP shares. Sanford C. Bernstein started coverage on shares of Cheniere Energy Partners in a report on Monday, June 24th. They set a “market perform” rating on the stock. UBS Group lowered their price objective 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. Finally, Barclays lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Cheniere Energy Partners Stock Performance

Shares of CQP stock traded up $0.05 on Tuesday, hitting $51.68. The stock had a trading volume of 17,019 shares, compared to its average volume of 176,996. The company’s 50 day moving average is $48.83. The company has a market cap of $25.02 billion, a PE ratio of 11.14 and a beta of 0.69. Cheniere Energy Partners, L.P. has a 12-month low of $45.51 and a 12-month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Friday, May 3rd. The company reported $1.18 EPS for the quarter, beating 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 firm’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.00%. Cheniere Energy Partners’s payout ratio is currently 66.95%.

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.