Commonwealth Equity Services LLC Buys 534 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Commonwealth Equity Services LLC grew its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 20,391 shares of the company’s stock after purchasing an additional 534 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cheniere Energy Partners were worth $1,001,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new stake in shares of Cheniere Energy Partners in the fourth quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in shares of Cheniere Energy Partners during the first quarter valued at approximately $34,000. Ridgewood Investments LLC purchased a new position in shares of Cheniere Energy Partners during the second quarter valued at approximately $62,000. Cetera Advisors LLC purchased a new position in shares of Cheniere Energy Partners during the first quarter valued at approximately $215,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Cheniere Energy Partners during the first quarter valued at approximately $247,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Up 0.2 %

Shares of NYSE CQP opened at $48.84 on Wednesday. Cheniere Energy Partners, L.P. has a twelve month low of $45.51 and a twelve month high of $62.34. The firm has a market cap of $23.64 billion, a P/E ratio of 10.55 and a beta of 0.68. The company has a 50 day moving average of $50.06 and a 200 day moving average of $49.17.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 8th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. As a group, equities analysts expect that Cheniere Energy Partners, L.P. will post 4.25 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 6.35%. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Wall Street Analysts Forecast Growth

CQP has been the subject of several recent research reports. Barclays lifted their target price on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a report 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 given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.25.

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.