SOA Wealth Advisors LLC. Purchases New Position in Cheniere Energy Partners (NYSE:CQP)

SOA Wealth Advisors LLC. purchased a new stake in shares of Cheniere Energy Partners (NYSE:CQP) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 26,256 shares of the company’s stock, valued at approximately $1,734,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cheniere Energy Partners by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company’s stock worth $126,313,000 after acquiring an additional 122,956 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $1,365,000. Founders Capital Management bought a new stake in Cheniere Energy Partners during the 1st quarter worth approximately $1,441,000. MorganRosel Wealth Management LLC bought a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $876,000. Finally, XTX Topco Ltd bought a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $775,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Down 0.5%

Cheniere Energy Partners stock opened at $58.62 on Friday. Cheniere Energy Partners has a 12-month low of $46.73 and a 12-month high of $68.42. The firm’s fifty day moving average is $58.97 and its 200 day moving average is $59.64. The company has a market capitalization of $28.38 billion, a PE ratio of 13.76 and a beta of 0.43.

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

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were issued a dividend of $0.82 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.28 annualized dividend and a yield of 5.60%. Cheniere Energy Partners’s dividend payout ratio is presently 74.52%.

Analysts Set New Price Targets

CQP has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research note on Monday, April 28th. Barclays upped their price objective on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Finally, 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. Five analysts have rated the stock with a sell rating, According to data from MarketBeat, Cheniere Energy Partners presently has an average rating of “Reduce” and a consensus target price of $54.00.

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.