Founders Capital Management Raises Stock Holdings in Cheniere Energy Partners, L.P. $CQP

Founders Capital Management raised its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 87.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,737 shares of the company’s stock after purchasing an additional 19,446 shares during the period. Cheniere Energy Partners comprises 1.2% of Founders Capital Management’s holdings, making the stock its 22nd largest position. Founders Capital Management’s holdings in Cheniere Energy Partners were worth $2,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Virtus Investment Advisers LLC raised its stake in shares of Cheniere Energy Partners by 6.7% during the 2nd quarter. Virtus Investment Advisers LLC now owns 3,064 shares of the company’s stock worth $172,000 after buying an additional 193 shares during the period. Powell Investment Advisors LLC grew its stake in Cheniere Energy Partners by 1.5% in the 3rd quarter. Powell Investment Advisors LLC now owns 17,529 shares of the company’s stock valued at $943,000 after acquiring an additional 259 shares during the period. Blair William & Co. IL increased its holdings in Cheniere Energy Partners by 7.0% in the 3rd quarter. Blair William & Co. IL now owns 4,600 shares of the company’s stock worth $248,000 after acquiring an additional 300 shares in the last quarter. NewEdge Advisors LLC raised its position in Cheniere Energy Partners by 3.2% during the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after acquiring an additional 300 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 180.0% during the second 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 in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CQP has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Barclays lifted their price objective on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. Citigroup cut their price objective on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Royal Bank Of Canada raised their target price on Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Finally, Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and an average target price of $55.86.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $64.26 on Friday. 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 company has a market capitalization of $31.10 billion, a PE ratio of 12.43 and a beta of 0.40. The firm’s 50-day moving average is $58.09 and its two-hundred day moving average is $54.95. Cheniere Energy Partners, L.P. has a 12 month low of $49.53 and a 12 month high of $68.42.

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

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were paid 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 (DPR) is 59.96%.

Cheniere Energy Partners Profile

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.