BIP Wealth LLC Purchases Shares of 5,000 Cheniere Energy Partners, L.P. (NYSE:CQP)

BIP Wealth LLC purchased a new stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,000 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cheniere Energy Partners by 15.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after acquiring an additional 298,335 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after purchasing an additional 802,824 shares during the period. Requisite Capital Management LLC bought a new position in shares of Cheniere Energy Partners in the 4th quarter worth about $3,419,000. Invesco Ltd. grew its stake in Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock worth $21,232,000 after buying an additional 246,808 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in Cheniere Energy Partners by 36.0% in the fourth quarter. Brookstone Capital Management now owns 5,740 shares of the company’s stock valued at $286,000 after buying an additional 1,520 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Down 0.0 %

NYSE CQP traded down $0.01 during trading hours on Thursday, hitting $48.15. 67,582 shares of the company traded hands, compared to its average volume of 192,273. The stock has a 50-day simple moving average of $49.34. Cheniere Energy Partners, L.P. has a twelve month low of $43.42 and a twelve month high of $62.34. The stock has a market cap of $23.31 billion, a PE ratio of 6.93 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. As a group, research analysts forecast that Cheniere Energy Partners, L.P. will post 3.56 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.775 per share. The ex-dividend date was Tuesday, February 6th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 6.44%. Cheniere Energy Partners’s payout ratio is presently 44.60%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CQP. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays cut their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. Finally, UBS Group cut their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Cheniere Energy Partners presently has a consensus rating of “Hold” and an average target price of $47.80.

About Cheniere Energy Partners

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.