Cheniere Energy Partners, L.P. (NYSE:CQP) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 65.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,499 shares of the company’s stock after acquiring an additional 3,364 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cheniere Energy Partners were worth $561,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CQP. Vermillion Wealth Management Inc. acquired a new stake in Cheniere Energy Partners in the 4th quarter valued at approximately $29,000. Farther Finance Advisors LLC acquired a new stake in Cheniere Energy Partners in the 1st quarter valued at approximately $34,000. NBC Securities Inc. increased its position in Cheniere Energy Partners by 104,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,100 shares of the company’s stock valued at $138,000 after acquiring an additional 2,098 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Cheniere Energy Partners in the 4th quarter valued at approximately $201,000. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in Cheniere Energy Partners in the 4th quarter valued at approximately $212,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $55.88 on Friday. Cheniere Energy Partners, L.P. has a 1 year low of $47.00 and a 1 year high of $68.42. The stock has a market cap of $27.05 billion, a PE ratio of 13.43 and a beta of 0.42. The business’s fifty day moving average is $57.77 and its 200-day moving average is $59.56.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 414.56% and a net margin of 26.27%. The company’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. Equities research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 5.87%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, May 9th. Cheniere Energy Partners’s payout ratio is presently 74.52%.

Analysts Set New Price Targets

Several research firms recently commented on CQP. Bank of America raised their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a research report on Wednesday, June 25th. Barclays lifted their price target on Cheniere Energy Partners from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $61.00 price target (up from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. Five equities research analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $55.80.

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.