Naples Global Advisors LLC increased its position in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,089 shares of the energy company’s stock after purchasing an additional 1,500 shares during the period. Naples Global Advisors LLC’s holdings in Cheniere Energy Partners were worth $633,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its position in Cheniere Energy Partners by 133.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 700 shares of the energy company’s stock worth $25,000 after buying an additional 400 shares during the period. Advisory Services Network LLC grew its position in shares of Cheniere Energy Partners by 240.0% in the fourth quarter. Advisory Services Network LLC now owns 850 shares of the energy company’s stock valued at $31,000 after purchasing an additional 600 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $36,000. Bessemer Group Inc. grew its position in shares of Cheniere Energy Partners by 264.2% in the fourth quarter. Bessemer Group Inc. now owns 1,158 shares of the energy company’s stock valued at $42,000 after purchasing an additional 840 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $49,000.
A number of analysts recently issued reports on the stock. Gabelli assumed coverage on shares of Cheniere Energy Partners in a research report on Monday, May 13th. They set a “sell” rating on the stock. BMO Capital Markets lowered shares of Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. US Capital Advisors lowered shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Monday, March 18th. Scotiabank assumed coverage on shares of Cheniere Energy Partners in a research note on Friday, February 8th. They set a “sector perform” rating on the stock. Finally, Evercore ISI assumed coverage on shares of Cheniere Energy Partners in a research note on Tuesday, March 12th. They set an “in-line” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Cheniere Energy Partners has a consensus rating of “Hold” and an average target price of $40.00.
Shares of NYSEAMERICAN CQP traded down $0.13 during midday trading on Wednesday, hitting $43.57. The company’s stock had a trading volume of 111,300 shares, compared to its average volume of 225,624. Cheniere Energy Partners LP has a 1-year low of $32.55 and a 1-year high of $45.27.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.58 billion.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were given a $0.60 dividend. The ex-dividend date was Monday, May 6th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 5.51%.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
Featured Article: Cost of Goods Sold (COGS)
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.