StrategIQ Financial Group LLC Takes $250,000 Position in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP)

StrategIQ Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,917 shares of the energy company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CQP. Deutsche Bank AG lifted its position in Cheniere Energy Partners by 44.9% during the third quarter. Deutsche Bank AG now owns 139,197 shares of the energy company’s stock valued at $5,661,000 after purchasing an additional 43,156 shares during the period. Royal Bank of Canada lifted its position in Cheniere Energy Partners by 7.0% during the third quarter. Royal Bank of Canada now owns 35,818 shares of the energy company’s stock valued at $1,457,000 after purchasing an additional 2,333 shares during the period. Cetera Advisor Networks LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at $200,000. Spire Wealth Management lifted its position in Cheniere Energy Partners by 32.5% during the third quarter. Spire Wealth Management now owns 2,652 shares of the energy company’s stock valued at $108,000 after purchasing an additional 650 shares during the period. Finally, Wedbush Securities Inc. lifted its position in Cheniere Energy Partners by 39.7% during the fourth quarter. Wedbush Securities Inc. now owns 23,696 shares of the energy company’s stock valued at $1,001,000 after purchasing an additional 6,733 shares during the period. 46.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSEAMERICAN CQP opened at $56.78 on Monday. Cheniere Energy Partners, L.P. has a 12-month low of $38.00 and a 12-month high of $61.91. The stock has a market cap of $27.48 billion, a P/E ratio of 18.99 and a beta of 0.85. The company has a debt-to-equity ratio of 23.92, a current ratio of 1.64 and a quick ratio of 1.51.

Cheniere Energy Partners (NYSEAMERICAN:CQPGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The energy company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.08. Cheniere Energy Partners had a net margin of 17.27% and a return on equity of 270.04%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Cheniere Energy Partners’s revenue was up 63.1% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy Partners, L.P. will post 3.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 14th. Stockholders of record on Monday, February 7th were paid a $0.70 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, February 4th. This represents a $2.80 annualized dividend and a dividend yield of 4.93%. Cheniere Energy Partners’s dividend payout ratio is 93.65%.

A number of research analysts recently issued reports on CQP shares. Royal Bank of Canada boosted their target price on shares of Cheniere Energy Partners from $46.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 8th. Barclays upped their price objective on shares of Cheniere Energy Partners from $44.00 to $48.00 and gave the stock an “underweight” rating in a research report on Monday, March 14th. UBS Group downgraded shares of Cheniere Energy Partners from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 1st. US Capital Advisors downgraded shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Friday, March 11th. Finally, The Goldman Sachs Group downgraded shares of Cheniere Energy Partners from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Thursday, January 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy Partners presently has an average rating of “Hold” and an average price target of $47.43.

About Cheniere Energy Partners (Get Rating)

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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