Alps Advisors Inc. Grows Position in Cheniere Energy Partners, L.P. $CQP

Alps Advisors Inc. grew its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,338,942 shares of the company’s stock after acquiring an additional 336,946 shares during the quarter. Cheniere Energy Partners comprises approximately 2.9% of Alps Advisors Inc.’s portfolio, making the stock its 7th biggest position. Alps Advisors Inc.’s holdings in Cheniere Energy Partners were worth $499,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Cheniere Energy Partners by 52,982.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock worth $13,513,000 after purchasing an additional 252,197 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Cheniere Energy Partners in the 3rd quarter worth about $7,357,000. CIBC Private Wealth Group LLC bought a new position in Cheniere Energy Partners in the 3rd quarter worth about $7,304,000. Clearbridge Investments LLC boosted its stake in Cheniere Energy Partners by 24.1% in the 4th quarter. Clearbridge Investments LLC now owns 611,873 shares of the company’s stock worth $32,723,000 after purchasing an additional 118,782 shares in the last quarter. Finally, HRT Financial LP boosted its stake in Cheniere Energy Partners by 1,689.3% in the 2nd quarter. HRT Financial LP now owns 88,139 shares of the company’s stock worth $4,940,000 after purchasing an additional 83,213 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

CQP opened at $65.41 on Friday. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42. The stock has a market capitalization of $31.66 billion, a P/E ratio of 15.28 and a beta of 0.32. The company’s 50-day simple moving average is $63.42 and its two-hundred day simple moving average is $59.84. Cheniere Energy Partners, L.P. has a 52-week low of $49.53 and a 52-week high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). The company had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, analysts predict that Cheniere Energy Partners, L.P. will post 4.19 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.775 per share. The ex-dividend date was Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 4.7%. Cheniere Energy Partners’s dividend payout ratio is currently 72.43%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, March 23rd. Weiss Ratings cut shares of Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Zacks Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Bank of America upped their price target on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research note on Friday, March 20th. Finally, Barclays upped their price target on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $60.43.

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.