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

Custom Index Systems LLC grew its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,494 shares of the company’s stock after buying an additional 2,606 shares during the quarter. Custom Index Systems LLC’s holdings in Cheniere Energy Partners were worth $1,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CQP. Granite Group Advisors LLC lifted its position in Cheniere Energy Partners by 5.2% in the first quarter. Granite Group Advisors LLC now owns 5,185 shares of the company’s stock worth $256,000 after buying an additional 257 shares during the last quarter. Montchanin Asset Management LLC lifted its holdings in shares of Cheniere Energy Partners by 1.6% in the 2nd quarter. Montchanin Asset Management LLC now owns 19,015 shares of the company’s stock worth $934,000 after acquiring an additional 300 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Cheniere Energy Partners by 21.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,691 shares of the company’s stock worth $84,000 after purchasing an additional 303 shares during the period. Powell Investment Advisors LLC grew its holdings in Cheniere Energy Partners by 2.0% during the 1st quarter. Powell Investment Advisors LLC now owns 16,021 shares of the company’s stock valued at $791,000 after purchasing an additional 316 shares during the last quarter. Finally, Spire Wealth Management raised its position in Cheniere Energy Partners by 5.5% in the 1st quarter. Spire Wealth Management now owns 6,770 shares of the company’s stock worth $334,000 after purchasing an additional 350 shares during the period. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $48.53 on Friday. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 10.48 and a beta of 0.68. The company has a 50-day moving average of $50.14 and a 200 day moving average of $49.24. Cheniere Energy Partners, L.P. has a 1-year low of $45.51 and a 1-year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly 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. Cheniere Energy Partners had a negative return on equity of 292.75% and a net margin of 32.76%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. On average, equities analysts anticipate that Cheniere Energy Partners, L.P. will post 4.26 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 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 6.39%. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy Partners in a research note on Monday, June 24th. They issued a “market perform” rating for the company. Barclays raised 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of “Hold” and an average price target of $49.25.

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.