SOA Wealth Advisors LLC. Takes $1.73 Million Position in Cheniere Energy Partners (NYSE:CQP)

SOA Wealth Advisors LLC. bought a new stake in Cheniere Energy Partners (NYSE:CQP) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 26,256 shares of the company’s stock, valued at approximately $1,734,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CQP. Stratos Wealth Partners LTD. raised its holdings in shares of Cheniere Energy Partners by 33.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,974 shares of the company’s stock valued at $317,000 after purchasing an additional 1,500 shares during the last quarter. Empowered Funds LLC grew its position in Cheniere Energy Partners by 9.6% during the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock valued at $1,834,000 after buying an additional 3,012 shares during the period. Miller Howard Investments Inc. NY grew its position in Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock valued at $5,425,000 after buying an additional 1,571 shares during the period. Powell Investment Advisors LLC grew its position in Cheniere Energy Partners by 1.6% during the fourth quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company’s stock valued at $893,000 after buying an additional 258 shares during the period. Finally, MADDEN SECURITIES Corp grew its position in Cheniere Energy Partners by 9.9% during the fourth quarter. MADDEN SECURITIES Corp now owns 16,700 shares of the company’s stock valued at $887,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CQP shares. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday, April 28th. Bank of America increased their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, April 29th. Barclays increased their price target on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Five research analysts have rated the stock with a sell rating, According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $54.00.

Cheniere Energy Partners Stock Down 0.5%

Shares of NYSE:CQP opened at $58.62 on Friday. The firm has a market capitalization of $28.38 billion, a PE ratio of 13.76 and a beta of 0.43. Cheniere Energy Partners has a twelve month low of $46.73 and a twelve month high of $68.42. The company has a 50-day moving average price of $58.97 and a two-hundred day moving average price of $59.64.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. During the same period in the prior year, the business earned $1.18 EPS. The business’s revenue was up 30.2% on a year-over-year basis. Analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 9th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.60%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy Partners’s dividend payout ratio is presently 74.52%.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.