Founders Capital Management Takes Position in Cheniere Energy Partners (NYSE:CQP)

Founders Capital Management acquired a new position in Cheniere Energy Partners (NYSE:CQP) during the first quarter, Holdings Channel reports. The institutional investor acquired 21,820 shares of the company’s stock, valued at approximately $1,441,000. Cheniere Energy Partners makes up about 0.9% of Founders Capital Management’s portfolio, making the stock its 26th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Cheniere Energy Partners by 6,504.3% in the first quarter. GAMMA Investing LLC now owns 4,623 shares of the company’s stock worth $305,000 after buying an additional 4,553 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Cheniere Energy Partners in the fourth quarter worth approximately $273,000. Vermillion Wealth Management Inc. acquired a new position in Cheniere Energy Partners in the fourth quarter worth approximately $29,000. Montchanin Asset Management LLC increased its holdings in Cheniere Energy Partners by 2.6% in the fourth quarter. Montchanin Asset Management LLC now owns 20,015 shares of the company’s stock worth $1,063,000 after buying an additional 500 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Cheniere Energy Partners in the fourth quarter worth approximately $347,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Down 0.5%

Shares of Cheniere Energy Partners stock opened at $57.13 on Friday. The stock has a market capitalization of $27.65 billion, a P/E ratio of 13.41 and a beta of 0.45. The stock has a 50 day moving average price of $59.60 and a two-hundred day moving average price of $59.44. Cheniere Energy Partners has a 12-month low of $46.73 and a 12-month high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. During the same quarter in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 9th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.74%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy Partners’s dividend payout ratio is currently 74.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CQP shares. JPMorgan Chase & Co. increased their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a report on Monday, April 28th. Stifel Nicolaus downgraded Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Finally, Bank of America upped their target price on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. Five analysts have rated the stock with a sell rating, Based on data from MarketBeat, the stock presently has a consensus 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.