Cerity Partners LLC Buys New Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

Cerity Partners LLC purchased a new position in Cheniere Energy Partners, L.P. (NYSE:CQP) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 18,536 shares of the company’s stock, valued at approximately $923,000.

Other large investors also recently modified their holdings of the company. Alps Advisors Inc. increased its stake in Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after acquiring an additional 802,824 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cheniere Energy Partners by 26.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock valued at $103,684,000 after purchasing an additional 401,548 shares during the period. Invesco Ltd. raised its stake in shares of Cheniere Energy Partners by 170.2% in the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares in the last quarter. Requisite Capital Management LLC bought a new position in Cheniere Energy Partners in the fourth quarter worth $3,419,000. Finally, UBS Group AG boosted its stake in Cheniere Energy Partners by 17.2% during the third quarter. UBS Group AG now owns 244,829 shares of the company’s stock worth $13,267,000 after buying an additional 35,930 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $48.66 on Tuesday. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 7.00 and a beta of 0.68. The company has a 50-day moving average price of $49.51. Cheniere Energy Partners, L.P. has a 12 month low of $43.42 and a 12 month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. Analysts expect that Cheniere Energy Partners, L.P. will post 3.56 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a dividend of $0.775 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Tuesday, February 6th. This represents a $3.10 annualized dividend and a yield of 6.37%. Cheniere Energy Partners’s dividend payout ratio is 44.60%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CQP shares. Barclays reduced their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.20.

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.