Hartz Capital Inc. Takes $7.67 Million Position in Cheniere Energy Partners LP (CQP)

Hartz Capital Inc. bought a new position in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 183,022 shares of the energy company’s stock, valued at approximately $7,674,000. Cheniere Energy Partners makes up 1.0% of Hartz Capital Inc.’s holdings, making the stock its 27th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its position in Cheniere Energy Partners by 12.6% during the fourth quarter. Alps Advisors Inc. now owns 4,040,436 shares of the energy company’s stock worth $145,860,000 after buying an additional 452,857 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in Cheniere Energy Partners by 7.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 3,032,303 shares of the energy company’s stock worth $109,455,000 after buying an additional 211,612 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in Cheniere Energy Partners by 2.1% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 989,015 shares of the energy company’s stock worth $35,703,000 after buying an additional 20,000 shares in the last quarter. Fairview Capital Investment Management LLC grew its position in Cheniere Energy Partners by 0.5% during the fourth quarter. Fairview Capital Investment Management LLC now owns 880,236 shares of the energy company’s stock worth $31,776,000 after buying an additional 4,099 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Cheniere Energy Partners during the fourth quarter worth about $9,972,000.

NYSEAMERICAN:CQP opened at $43.69 on Wednesday. Cheniere Energy Partners LP has a 1 year low of $30.80 and a 1 year high of $45.27.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its earnings results on Tuesday, February 26th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.67 billion.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.49%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.59.

A number of equities research analysts have weighed in on CQP shares. Evercore ISI started coverage on Cheniere Energy Partners in a report on Tuesday, March 12th. They set an “in-line” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. downgraded Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Friday, February 22nd. Scotiabank started coverage on Cheniere Energy Partners in a report on Friday, February 8th. They set a “sector perform” rating on the stock. BMO Capital Markets downgraded Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. Finally, US Capital Advisors downgraded Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.00.

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Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

Further Reading: What does RSI mean?

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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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