Corps Capital Advisors LLC Increases Position in Cheniere Energy Partners, L.P. $CQP

Corps Capital Advisors LLC boosted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 11.2% during the second quarter, Holdings Channel.com reports. The firm owned 10,452 shares of the company’s stock after acquiring an additional 1,052 shares during the quarter. Cheniere Energy Partners comprises about 0.9% of Corps Capital Advisors LLC’s portfolio, making the stock its 28th largest holding. Corps Capital Advisors LLC’s holdings in Cheniere Energy Partners were worth $586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Cheniere Energy Partners in the second quarter worth about $26,000. Gables Capital Management Inc. bought a new position in shares of Cheniere Energy Partners in the second quarter worth approximately $34,000. Montag A & Associates Inc. bought a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $53,000. Chung Wu Investment Group LLC bought a new position in shares of Cheniere Energy Partners in the second quarter worth approximately $56,000. Finally, SVB Wealth LLC bought a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $69,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CQP. Barclays dropped their target price on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cheniere Energy Partners in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cheniere Energy Partners has an average rating of “Strong Sell” and an average price target of $54.60.

Cheniere Energy Partners Stock Down 0.4%

Shares of Cheniere Energy Partners stock opened at $51.71 on Wednesday. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 12.55 and a beta of 0.37. The company’s 50 day moving average is $53.13 and its 200 day moving average is $55.40. Cheniere Energy Partners, L.P. has a twelve month low of $48.00 and a twelve month high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 7th will be given a dividend of $0.775 per share. The ex-dividend date is Friday, November 7th. This represents a $3.10 dividend on an annualized basis and a yield of 6.0%. Cheniere Energy Partners’s dividend payout ratio is 80.73%.

Cheniere Energy Partners Company 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.