Investment House LLC Has $217,000 Position in Cheniere Energy Partners LP (NYSE:CQP)

Investment House LLC maintained its stake in Cheniere Energy Partners LP (NYSE:CQP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,705 shares of the company’s stock at the end of the second quarter. Investment House LLC’s holdings in Cheniere Energy Partners were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CQP. State of New Jersey Common Pension Fund D raised its stake in Cheniere Energy Partners by 15.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 63,500 shares of the company’s stock valued at $2,052,000 after buying an additional 8,500 shares during the period. Jennison Associates LLC raised its stake in Cheniere Energy Partners by 5.6% in the first quarter. Jennison Associates LLC now owns 1,215,027 shares of the company’s stock valued at $39,258,000 after buying an additional 64,815 shares during the period. First Trust Advisors LP raised its stake in shares of Cheniere Energy Partners by 5.6% in the first quarter. First Trust Advisors LP now owns 252,517 shares of the company’s stock valued at $8,159,000 after buying an additional 13,407 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Cheniere Energy Partners by 59.2% in the first quarter. Advisors Asset Management Inc. now owns 78,287 shares of the company’s stock valued at $2,529,000 after buying an additional 29,115 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Cheniere Energy Partners by 1,695.2% in the first quarter. US Bancorp DE now owns 29,620 shares of the company’s stock valued at $956,000 after buying an additional 27,970 shares during the last quarter.

Shares of Cheniere Energy Partners LP (CQP) traded up 0.78% on Friday, reaching $28.51. 163,700 shares of the company’s stock traded hands. Cheniere Energy Partners LP has a 52-week low of $25.97 and a 52-week high of $33.47. The firm’s 50-day moving average is $30.55 and its 200-day moving average is $31.43. The stock’s market cap is $9.63 billion.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share for the quarter, missing the consensus estimate of $0.48 by $4.19. The firm had revenue of $992 million for the quarter, compared to analysts’ expectations of $771.91 million. Cheniere Energy Partners had a net margin of 5.27% and a return on equity of 42.56%. Analysts anticipate that Cheniere Energy Partners LP will post $2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, July 28th.

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CQP has been the subject of several research analyst reports. TheStreet lowered shares of Cheniere Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 5th. Morgan Stanley lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target for the company. in a research note on Tuesday, June 13th. Barclays PLC lowered shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Finally, Scotiabank set a $34.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, April 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

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

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