Cheniere Energy Partners (NYSE:CQP) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,086 shares of the company's stock after purchasing an additional 12,840 shares during the quarter. LPL Financial LLC's holdings in Cheniere Energy Partners were worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Valley National Advisers Inc. grew its stake in shares of 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 acquiring an additional 310 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after acquiring an additional 638 shares during the period. Geneos Wealth Management Inc. boosted its stake 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 valued at $135,000 after buying an additional 1,000 shares in the last quarter. Charles Schwab Trust Co purchased a new stake in Cheniere Energy Partners during the fourth quarter worth about $212,000. Finally, Davidson Trust Co. purchased a new position in Cheniere Energy Partners in the 4th quarter valued at approximately $212,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Cheniere Energy Partners Trading Up 7.0 %

NYSE CQP opened at $59.85 on Thursday. The stock has a 50-day moving average price of $62.91. The company has a market cap of $28.97 billion, a PE ratio of 14.05 and a beta of 0.57. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. As a group, equities research analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a dividend of $0.775 per share. The ex-dividend date was Monday, February 10th. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a dividend yield of 5.18%. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 72.77%.

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.

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