Cheniere Energy Partners, L.P. (NYSE:CQP) Position Increased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 25.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,365 shares of the company’s stock after buying an additional 2,493 shares during the period. Westwood Holdings Group Inc.’s holdings in Cheniere Energy Partners were worth $607,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Cheniere Energy Partners by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after purchasing an additional 167,567 shares during the period. Wells Fargo & Company MN raised its holdings in Cheniere Energy Partners by 49.2% during the 4th quarter. Wells Fargo & Company MN now owns 210,905 shares of the company’s stock worth $10,501,000 after buying an additional 69,567 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Cheniere Energy Partners during the first quarter valued at about $5,794,000. Miller Howard Investments Inc. NY boosted its holdings in shares of Cheniere Energy Partners by 3.2% in the second quarter. Miller Howard Investments Inc. NY now owns 99,724 shares of the company’s stock worth $4,897,000 after buying an additional 3,065 shares during the period. Finally, Texas Yale Capital Corp. boosted its holdings in shares of Cheniere Energy Partners by 1.3% in the first quarter. Texas Yale Capital Corp. now owns 47,685 shares of the company’s stock worth $2,355,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $47.75 on Monday. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 10.31 and a beta of 0.68. The company has a 50 day simple moving average of $49.88 and a 200-day simple moving average of $49.15. Cheniere Energy Partners, L.P. has a 52-week low of $45.51 and a 52-week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. On average, analysts predict that Cheniere Energy Partners, L.P. will post 4.25 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a yield of 6.49%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s payout ratio is 66.95%.

Analyst Ratings Changes

Several brokerages recently commented on CQP. Sanford C. Bernstein started coverage on shares of Cheniere Energy Partners in a research report on Monday, June 24th. They issued a “market perform” rating for the company. Barclays increased their target price on Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.25.

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.