Custom Index Systems LLC Raises Holdings in Cheniere Energy Partners, L.P. (NYSE:CQP)

Custom Index Systems LLC boosted its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,494 shares of the company’s stock after buying an additional 2,606 shares during the period. Custom Index Systems LLC’s holdings in Cheniere Energy Partners were worth $1,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in Cheniere Energy Partners in the fourth quarter worth $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Cheniere Energy Partners in the 1st quarter worth $34,000. Lee Financial Co grew its stake in Cheniere Energy Partners by 535.9% during the 4th quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 986 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Cheniere Energy Partners during the 2nd quarter valued at about $62,000. Finally, Global Retirement Partners LLC raised its stake in Cheniere Energy Partners by 21.8% in the first quarter. Global Retirement Partners LLC now owns 1,691 shares of the company’s stock valued at $84,000 after buying an additional 303 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CQP. Barclays boosted their price target on Cheniere Energy Partners from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy Partners in a report on Monday, June 24th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy Partners has an average rating of “Hold” and an average price target of $49.25.

Cheniere Energy Partners Trading Up 2.1 %

Shares of NYSE CQP opened at $48.53 on Friday. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 10.48 and a beta of 0.68. Cheniere Energy Partners, L.P. has a 12 month low of $45.51 and a 12 month high of $62.34. The company has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $49.24.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. Analysts forecast that Cheniere Energy Partners, L.P. will post 4.26 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 6.39%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy Partners’s payout ratio is 66.95%.

About Cheniere Energy Partners

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.