Cheniere Energy Partners LP Holdings LLC (CQH) Releases Quarterly Earnings Results, Hits Estimates

Cheniere Energy Partners LP Holdings LLC (NYSE:CQH) released its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, Bloomberg Earnings reports. Cheniere Energy Partners LP Holdings had a net margin of 88.04% and a return on equity of 16,861.22%. The business had revenue of $5.09 million during the quarter, compared to analyst estimates of $5.08 million.

Shares of Cheniere Energy Partners LP Holdings (NYSE CQH) traded up 0.04% during trading on Friday, hitting $25.26. 90,471 shares of the stock were exchanged. The firm has a market capitalization of $5.85 billion and a P/E ratio of 328.05. Cheniere Energy Partners LP Holdings has a 52 week low of $19.00 and a 52 week high of $27.45. The firm has a 50 day moving average price of $26.21 and a 200 day moving average price of $25.22.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, August 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.32%.

Several institutional investors have recently bought and sold shares of CQH. Global X Management Co. LLC raised its position in Cheniere Energy Partners LP Holdings by 63.0% in the second quarter. Global X Management Co. LLC now owns 288,293 shares of the company’s stock valued at $7,749,000 after buying an additional 111,421 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in Cheniere Energy Partners LP Holdings by 13.3% in the second quarter. Kayne Anderson Capital Advisors LP now owns 494,420 shares of the company’s stock valued at $13,288,000 after buying an additional 58,000 shares in the last quarter. Blackstart Capital LP bought a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at about $1,208,000. Arrowstreet Capital Limited Partnership bought a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at about $1,194,000. Finally, Valueworks LLC raised its position in Cheniere Energy Partners LP Holdings by 14.2% in the second quarter. Valueworks LLC now owns 348,134 shares of the company’s stock valued at $9,358,000 after buying an additional 43,338 shares in the last quarter.

A number of research analysts have weighed in on the stock. Barclays PLC lowered shares of Cheniere Energy Partners LP Holdings from an “overweight” rating to an “equal weight” rating and set a $29.00 target price for the company. in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Cheniere Energy Partners LP Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Morgan Stanley lowered shares of Cheniere Energy Partners LP Holdings from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 13th. Finally, Scotiabank set a $26.00 target price on shares of Cheniere Energy Partners LP Holdings and gave the stock a “hold” rating in a research report on Saturday, July 22nd.

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About Cheniere Energy Partners LP Holdings

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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