GraniteShares Advisors LLC increased its holdings in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,996 shares of the energy company's stock after acquiring an additional 551 shares during the period. GraniteShares Advisors LLC's holdings in Cheniere Energy Partners were worth $852,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP increased its stake in Cheniere Energy Partners by 45.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 734,278 shares of the energy company's stock valued at $41,384,000 after buying an additional 229,326 shares during the period. Clearbridge Investments LLC grew its stake in Cheniere Energy Partners by 24.1% in the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the energy company's stock valued at $53,527,000 after purchasing an additional 184,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cheniere Energy Partners by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 910,093 shares of the energy company's stock valued at $51,293,000 after purchasing an additional 158,343 shares in the last quarter. ING Groep NV purchased a new position in Cheniere Energy Partners in the first quarter valued at about $5,625,000. Finally, Evergreen Capital Management LLC purchased a new position in Cheniere Energy Partners in the fourth quarter valued at about $3,351,000. 46.25% of the stock is owned by hedge funds and other institutional investors.
Get Cheniere Energy Partners alerts:Cheniere Energy Partners Stock Up 1.3 %
Shares of NYSEAMERICAN:CQP traded up $0.67 on Monday, hitting $54.03. The stock had a trading volume of 2,659 shares, compared to its average volume of 241,285. The company has a debt-to-equity ratio of 23.92, a quick ratio of 1.51 and a current ratio of 1.64. Cheniere Energy Partners, L.P. has a twelve month low of $38.19 and a twelve month high of $61.91. The company has a market capitalization of $26.15 billion, a PE ratio of 17.85 and a beta of 0.85.
Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.65). Cheniere Energy Partners had a net margin of 17.27% and a return on equity of 270.04%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 121.3% on a year-over-year basis. Equities research analysts predict that Cheniere Energy Partners, L.P. will post 3.52 earnings per share for the current fiscal year.Cheniere Energy Partners Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Thursday, August 4th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, August 3rd. Cheniere Energy Partners's dividend payout ratio is currently 103.68%.
Analyst Ratings Changes
A number of analysts have issued reports on CQP shares. US Capital Advisors upgraded shares of Cheniere Energy Partners from an "underweight" rating to a "hold" rating in a research note on Tuesday, July 26th. Morgan Stanley raised their target price on Cheniere Energy Partners from $48.00 to $56.00 in a report on Thursday, September 15th. Evercore ISI upgraded Cheniere Energy Partners from an "in-line" rating to an "outperform" rating and raised their target price for the company from $54.00 to $55.00 in a report on Thursday, August 11th. Barclays increased their price target on Cheniere Energy Partners from $45.00 to $48.00 and gave the company an "underweight" rating in a report on Tuesday, August 16th. Finally, Royal Bank of Canada increased their price target on Cheniere Energy Partners from $55.00 to $56.00 and gave the company a "sector perform" rating in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.00.
Cheniere Energy Partners Profile
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Cheniere Energy Partners LP engages in the operations of liquefied natural gas. It also develops, constructs, and operates liquefaction facilities situated adjacent to the regasification facilities at the Sabine Pass Liquefied natural gas terminal. The company was founded in 2006 and is headquartered in Houston, TX.
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