Osborn Williams & Donohoe LLC acquired a new stake in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 850 shares of the energy company’s stock, valued at approximately $37,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Cheniere Energy Partners by 3.6% during the first quarter. SG Americas Securities LLC now owns 26,532 shares of the energy company’s stock valued at $1,112,000 after acquiring an additional 911 shares in the last quarter. Naples Global Advisors LLC increased its holdings in Cheniere Energy Partners by 11.0% during the first quarter. Naples Global Advisors LLC now owns 15,089 shares of the energy company’s stock valued at $633,000 after buying an additional 1,500 shares during the period. Bank of Montreal Can increased its holdings in Cheniere Energy Partners by 246.3% during the first quarter. Bank of Montreal Can now owns 155,703 shares of the energy company’s stock valued at $6,529,000 after buying an additional 110,743 shares during the period. Creative Planning increased its holdings in Cheniere Energy Partners by 6.7% during the first quarter. Creative Planning now owns 18,516 shares of the energy company’s stock valued at $776,000 after buying an additional 1,156 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its holdings in Cheniere Energy Partners by 37.0% during the first quarter. Winslow Evans & Crocker Inc. now owns 3,700 shares of the energy company’s stock valued at $156,000 after buying an additional 1,000 shares during the period.
Several equities analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Cheniere Energy Partners in a report on Tuesday, March 12th. They issued an “in-line” rating and a $40.00 price target on the stock. BMO Capital Markets lowered shares of Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. US Capital Advisors lowered shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a report on Monday, March 18th. Gabelli began coverage on shares of Cheniere Energy Partners in a report on Monday, May 13th. They set a “sell” rating on the stock. Finally, JPMorgan Chase & Co. lowered shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $44.00 in a report on Friday, February 22nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus price target of $40.00.
Shares of CQP traded down $0.12 during mid-day trading on Wednesday, hitting $40.69. 128,500 shares of the company were exchanged, compared to its average volume of 222,566. 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 released its quarterly earnings results on Thursday, May 9th. The energy company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.20. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.90%. The ex-dividend date was Monday, May 6th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.59.
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About Cheniere Energy Partners
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.
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