Gables Capital Management Inc. Buys Shares of 600 Cheniere Energy Partners, L.P. $CQP

Gables Capital Management Inc. bought a new stake in Cheniere Energy Partners, L.P. (NYSE:CQP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 600 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Cheniere Energy Partners during the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter worth approximately $34,000. Montag A & Associates Inc. purchased a new position in shares of Cheniere Energy Partners during the 1st quarter worth approximately $53,000. Chung Wu Investment Group LLC purchased a new position in shares of Cheniere Energy Partners during the 2nd quarter worth approximately $56,000. Finally, SVB Wealth LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter worth approximately $69,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Up 2.1%

Shares of CQP opened at $52.33 on Thursday. The firm has a market cap of $25.33 billion, a PE ratio of 12.70 and a beta of 0.37. The company’s fifty day moving average is $53.30 and its two-hundred day moving average is $55.81. Cheniere Energy Partners, L.P. has a fifty-two week low of $48.00 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.21 billion. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. As a group, equities research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, August 8th. This represents a $3.28 annualized dividend and a dividend yield of 6.3%. Cheniere Energy Partners’s payout ratio is presently 75.24%.

Analyst Ratings Changes

A number of analysts recently issued reports on CQP shares. Barclays decreased their target price on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Bank of America raised their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 25th. Wells Fargo & Company decreased their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cheniere Energy Partners in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cheniere Energy Partners presently has an average rating of “Strong Sell” and an average target price of $54.60.

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.