Montchanin Asset Management LLC Increases Stock Holdings in Cheniere Energy Partners (NYSE:CQP)

Montchanin Asset Management LLC lifted its position in shares of Cheniere Energy Partners (NYSE:CQP) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,015 shares of the company’s stock after acquiring an additional 500 shares during the period. Cheniere Energy Partners makes up approximately 1.0% of Montchanin Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Montchanin Asset Management LLC’s holdings in Cheniere Energy Partners were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Valley National Advisers Inc. lifted its position in shares of Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc raised its stake in Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after purchasing an additional 638 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Cheniere Energy Partners by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Cheniere Energy Partners during the 4th quarter worth about $201,000. Finally, Davidson Trust Co. acquired a new stake in shares of Cheniere Energy Partners during the 4th quarter worth about $212,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Up 0.6%

NYSE:CQP opened at $57.60 on Friday. Cheniere Energy Partners has a fifty-two week low of $46.73 and a fifty-two week high of $68.42. The firm’s 50 day moving average is $60.08 and its two-hundred day moving average is $59.12. The company has a market cap of $27.88 billion, a P/E ratio of 13.52 and a beta of 0.45.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Cheniere Energy Partners’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. Research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were issued a $0.82 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, May 9th. This represents a $3.28 annualized dividend and a yield of 5.69%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 74.52%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CQP shares. Bank of America upped their price objective on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, April 29th. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their price target for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective 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. Five equities research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Reduce” and an average price target of $53.60.

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.