Infrastructure Capital Advisors LLC Decreases Position in Cheniere Energy Partners, L.P. $CQP

Infrastructure Capital Advisors LLC lessened its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,175 shares of the company’s stock after selling 68,755 shares during the period. Cheniere Energy Partners makes up approximately 0.8% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 27th largest position. Infrastructure Capital Advisors LLC’s holdings in Cheniere Energy Partners were worth $8,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CQP. Alps Advisors Inc. boosted its position in Cheniere Energy Partners by 3.7% in the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after buying an additional 336,946 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in Cheniere Energy Partners by 37.6% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock valued at $58,446,000 after buying an additional 298,566 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $13,513,000 after buying an additional 252,197 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Cheniere Energy Partners in the 3rd quarter valued at approximately $7,357,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth $7,304,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $59.48 on Thursday. The company’s fifty day moving average price is $63.06 and its 200 day moving average price is $60.05. Cheniere Energy Partners, L.P. has a 12 month low of $49.53 and a 12 month high of $70.64. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. The firm has a market capitalization of $28.79 billion, a P/E ratio of 13.90 and a beta of 0.32.

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

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.43%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CQP shares. Bank of America lifted their price objective on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research report on Friday, March 20th. Royal Bank Of Canada lifted their price objective on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th. Barclays lifted their price objective on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Citigroup lifted their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $60.43.

Cheniere Energy Partners Company 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.