Goldman Sachs Group Inc. Raises Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

Goldman Sachs Group Inc. raised its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 37.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,067 shares of the company’s stock after buying an additional 167,567 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of Cheniere Energy Partners worth $30,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baystate Wealth Management LLC purchased a new stake in Cheniere Energy Partners during the 4th quarter valued at about $25,000. Lee Financial Co grew its holdings in shares of Cheniere Energy Partners by 535.9% in the fourth quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after purchasing an additional 986 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Cheniere Energy Partners by 34.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after buying an additional 353 shares during the period. BIP Wealth LLC bought a new stake in Cheniere Energy Partners during the 4th quarter valued at $249,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Cheniere Energy Partners by 4.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,609 shares of the company’s stock valued at $304,000 after buying an additional 244 shares during the period. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $47.62 on Friday. Cheniere Energy Partners, L.P. has a 1-year low of $45.30 and a 1-year high of $62.34. The company’s 50-day moving average is $48.51. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 10.29 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business posted $3.50 earnings per share. Cheniere Energy Partners’s quarterly revenue was down 21.3% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy Partners, L.P. will post 4.61 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were paid a $0.775 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.51%. Cheniere Energy Partners’s payout ratio is 66.95%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CQP. Barclays decreased their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research report on Thursday, April 18th. UBS Group lowered their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.