Hennessy Advisors Inc. Purchases 15,000 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Hennessy Advisors Inc. boosted its position in Cheniere Energy Partners, L.P. (NYSE:CQP) by 161.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,300 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Hennessy Advisors Inc.’s holdings in Cheniere Energy Partners were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CQP. Atria Wealth Solutions Inc. raised its stake in shares of Cheniere Energy Partners by 2.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,130 shares of the company’s stock valued at $405,000 after acquiring an additional 210 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Cheniere Energy Partners by 4.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 5,609 shares of the company’s stock valued at $304,000 after acquiring an additional 244 shares in the last quarter. Powell Investment Advisors LLC raised its stake in shares of Cheniere Energy Partners by 1.7% during the fourth quarter. Powell Investment Advisors LLC now owns 15,705 shares of the company’s stock valued at $782,000 after acquiring an additional 269 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Cheniere Energy Partners by 34.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock valued at $72,000 after acquiring an additional 353 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $25,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 1.1 %

NYSE CQP opened at $49.31 on Friday. The business has a fifty day moving average price of $48.64. Cheniere Energy Partners, L.P. has a 12-month low of $45.51 and a 12-month high of $62.34. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 10.65 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Friday, May 3rd. The company reported $1.18 earnings per share (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 for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was down 21.3% on a year-over-year basis. On average, analysts forecast that Cheniere Energy Partners, L.P. will post 4.61 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CQP. Barclays decreased their price target on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, April 18th. UBS Group cut their price objective on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy Partners in a report on Monday, June 24th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.