NEOS Investment Management LLC Buys 99,542 Shares of Cheniere Energy Partners, L.P. $CQP

NEOS Investment Management LLC grew its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 39.4% in the second quarter, HoldingsChannel.com reports. The firm owned 352,339 shares of the company’s stock after buying an additional 99,542 shares during the quarter. NEOS Investment Management LLC’s holdings in Cheniere Energy Partners were worth $21,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CQP. Larson Financial Group LLC increased its stake in shares of Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after buying an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after buying an additional 306 shares during the period. First Pacific Financial bought a new stake in Cheniere Energy Partners in the 1st quarter worth $32,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Cheniere Energy Partners in the fourth quarter valued at about $51,000. Finally, Strategic Wealth Partners Ltd. purchased a new position in shares of Cheniere Energy Partners in the second quarter valued at about $60,000. Institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CQP shares. Royal Bank Of Canada increased their target price on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a report on Monday, August 24th. JPMorgan Chase & Co. upped their price target on Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday. Weiss Ratings upgraded Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Barclays lifted their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Reduce” and an average target price of $62.00.

Cheniere Energy Partners Trading Up 0.8%

NYSE:CQP opened at $68.98 on Friday. The company has a 50-day moving average price of $65.72 and a 200-day moving average price of $63.92. The stock has a market cap of $33.39 billion, a price-to-earnings ratio of 12.52 and a beta of 0.32. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01. Cheniere Energy Partners, L.P. has a 12 month low of $49.53 and a 12 month high of $71.25.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The company had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the firm earned $0.91 EPS. Cheniere Energy Partners’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Cheniere Energy Partners, L.P. will post 4.41 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were given a dividend of $0.775 per share. The ex-dividend date was Friday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 4.5%. Cheniere Energy Partners’s payout ratio is currently 56.26%.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.