Westwood Holdings Group Inc. acquired a new stake in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) in the first quarter, according to its most recent filing with the SEC. The fund acquired 79,455 shares of the energy company’s stock, valued at approximately $3,332,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $49,000. Barings LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $433,000. First Trust Advisors LP grew its position in shares of Cheniere Energy Partners by 103.2% during the 4th quarter. First Trust Advisors LP now owns 161,815 shares of the energy company’s stock valued at $5,842,000 after purchasing an additional 82,172 shares in the last quarter. LPL Financial LLC grew its position in shares of Cheniere Energy Partners by 4.4% during the 4th quarter. LPL Financial LLC now owns 8,186 shares of the energy company’s stock valued at $296,000 after purchasing an additional 345 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $208,000.
Shares of NYSEAMERICAN CQP traded down $0.14 during mid-day trading on Friday, reaching $42.16. 1,432 shares of the company were exchanged, compared to its average volume of 216,383. Cheniere Energy Partners LP has a 52 week low of $32.55 and a 52 week high of $45.27.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.58 billion.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.60 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Monday, May 6th.
CQP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $40.00 to $44.00 in a research report on Friday, February 22nd. Evercore ISI initiated coverage on shares of Cheniere Energy Partners in a research report on Tuesday, March 12th. They set an “in-line” rating and a $40.00 price target for the company. US Capital Advisors lowered shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Monday, March 18th. BMO Capital Markets lowered shares of Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. Finally, Gabelli initiated coverage on shares of Cheniere Energy Partners in a research report on Monday, May 13th. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $40.31.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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