Cheniere Energy Partners (NYSE:CQP) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in Cheniere Energy Partners (NYSE:CQP - Free Report) by 118.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,681 shares of the company's stock after purchasing an additional 10,683 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cheniere Energy Partners were worth $1,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Powell Investment Advisors LLC lifted its position in Cheniere Energy Partners by 1.6% in the fourth quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company's stock worth $893,000 after buying an additional 258 shares during the last quarter. Valley National Advisers Inc. lifted its stake in Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after purchasing an additional 310 shares during the last quarter. Montchanin Asset Management LLC boosted its position in shares of Cheniere Energy Partners by 2.6% during the third quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company's stock valued at $951,000 after buying an additional 500 shares during the period. Spire Wealth Management grew its stake in shares of Cheniere Energy Partners by 15.5% during the fourth quarter. Spire Wealth Management now owns 5,888 shares of the company's stock valued at $313,000 after buying an additional 790 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after buying an additional 1,000 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Up 2.2 %

Shares of CQP traded up $1.47 during mid-day trading on Friday, hitting $67.62. The company's stock had a trading volume of 161,736 shares, compared to its average volume of 249,355. The company has a 50-day moving average price of $59.68. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $67.94. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 15.87 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its earnings results 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 company had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Research analysts expect that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were issued a $0.775 dividend. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 72.77%.

Analyst Ratings Changes

CQP has been the topic of a number of research analyst reports. Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their price target for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Wells Fargo & Company boosted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an "underweight" rating in a report on Wednesday, December 18th. Finally, Barclays raised their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th.

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.