Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Position Reduced by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC trimmed its stake in shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 17,518 shares of the energy company’s stock after selling 1,600 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Cheniere Energy Partners were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CQP. Deutsche Bank AG lifted its position in shares of Cheniere Energy Partners by 44.9% in the 3rd quarter. Deutsche Bank AG now owns 139,197 shares of the energy company’s stock worth $5,661,000 after buying an additional 43,156 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Cheniere Energy Partners by 7.0% in the 3rd quarter. Royal Bank of Canada now owns 35,818 shares of the energy company’s stock worth $1,457,000 after buying an additional 2,333 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in shares of Cheniere Energy Partners in the 3rd quarter worth about $200,000. Wedbush Securities Inc. lifted its position in shares of Cheniere Energy Partners by 39.7% in the 4th quarter. Wedbush Securities Inc. now owns 23,696 shares of the energy company’s stock worth $1,001,000 after buying an additional 6,733 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Cheniere Energy Partners in the 3rd quarter worth about $485,000. Hedge funds and other institutional investors own 46.25% of the company’s stock.

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

Cheniere Energy Partners stock traded down $0.86 during trading hours on Tuesday, hitting $55.72. 1,660 shares of the company traded hands, compared to its average volume of 263,055. The stock has a market cap of $26.97 billion, a price-to-earnings ratio of 18.60 and a beta of 0.85. The company has a current ratio of 1.64, a quick ratio of 1.51 and a debt-to-equity ratio of 23.92. Cheniere Energy Partners, L.P. has a 1-year low of $38.00 and a 1-year high of $61.91.

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, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Cheniere Energy Partners had a net margin of 17.27% and a return on equity of 270.04%. The business’s revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. Research analysts expect that Cheniere Energy Partners, L.P. will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 14th. Stockholders of record on Monday, February 7th were paid a $0.70 dividend. The ex-dividend date was Friday, February 4th. This represents a $2.80 annualized dividend and a dividend yield of 5.03%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s payout ratio is currently 93.65%.

Cheniere Energy Partners Company Profile (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.

Read More

Want to see what other hedge funds are holding CQP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating).

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

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.