Blankinship & Foster LLC Invests $424,000 in Cheniere Energy Partners (NYSE:CQP)

Blankinship & Foster LLC acquired a new stake in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,700 shares of the company's stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $116,000. Larson Financial Group LLC acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at approximately $146,000. BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners in the third quarter worth $244,000. Van ECK Associates Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth about $416,000. Finally, M&T Bank Corp acquired a new position in Cheniere Energy Partners during the third quarter valued at approximately $587,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

Shares of CQP traded up $1.46 during midday trading on Thursday, reaching $58.26. The stock had a trading volume of 133,080 shares, compared to its average volume of 162,120. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 12.58 and a beta of 0.73. The company's 50 day simple moving average is $52.82. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $59.40.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company earned $0.84 EPS. Cheniere Energy Partners's quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a yield of 0.24%. Cheniere Energy Partners's dividend payout ratio (DPR) is 66.95%.

Analysts Set New Price Targets

Separately, Bank of America assumed coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They set an "underperform" rating and a $46.00 price objective on the stock.

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.