Miller Howard Investments Inc. NY Grows Stock Position in Cheniere Energy Partners (NYSE:CQP)

Miller Howard Investments Inc. NY increased its holdings in Cheniere Energy Partners (NYSE:CQP) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,122 shares of the company’s stock after acquiring an additional 1,571 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Cheniere Energy Partners were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CQP. Van ECK Associates Corp bought a new position in Cheniere Energy Partners in the third quarter worth approximately $416,000. Empowered Funds LLC raised its holdings in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,043 shares during the period. BIP Wealth LLC purchased a new position in Cheniere Energy Partners during the third quarter valued at $244,000. Larson Financial Group LLC bought a new stake in Cheniere Energy Partners during the third quarter valued at about $146,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Cheniere Energy Partners in the third quarter worth about $866,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $61.97 on Friday. The company’s 50 day simple moving average is $57.94. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $66.47. The company has a market cap of $30.00 billion, a P/E ratio of 13.39 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be issued a $0.775 dividend. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, February 10th. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Analysts Set New Price Targets

CQP has been the topic of a number of analyst reports. Barclays lifted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Bank of America began coverage on shares of Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th.

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.