Cheniere Energy Partners (NYSE:CQP) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC lowered its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 3.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,390 shares of the company’s stock after selling 500 shares during the period. Dividend Assets Capital LLC’s holdings in Cheniere Energy Partners were worth $818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after purchasing an additional 137,477 shares during the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Cheniere Energy Partners by 59.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock worth $5,126,000 after buying an additional 35,954 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Cheniere Energy Partners during the third quarter worth about $1,286,000. Rockefeller Capital Management L.P. acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $866,000. Finally, M&T Bank Corp purchased a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $587,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Down 1.3 %

Cheniere Energy Partners stock opened at $62.31 on Friday. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $66.47. The stock has a 50-day moving average price of $58.78. The stock has a market cap of $30.16 billion, a P/E ratio of 13.46 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. Analysts expect that Cheniere Energy Partners will post 4.29 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a dividend of $0.775 per share. 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 4.98%. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Analyst Ratings Changes

CQP has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Barclays lifted their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price objective for the company from $50.00 to $51.00 in a report on Friday.

Cheniere Energy Partners Company 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.