Cheniere Energy Partners (NYSE:CQP - Get Free Report) was up 4.6% during mid-day trading on Monday . The company traded as high as $64.39 and last traded at $64.18. Approximately 141,109 shares were traded during trading, a decline of 43% from the average daily volume of 248,899 shares. The stock had previously closed at $61.36.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They set an "underperform" rating and a $46.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th.
Get Our Latest Report on CQP
Cheniere Energy Partners Trading Down 1.1 %
The company's fifty day moving average is $57.87. 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Monday, February 10th. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.04. Cheniere Energy Partners's dividend payout ratio is 66.95%.
Institutional Trading of Cheniere Energy Partners
A number of institutional investors have recently modified their holdings of CQP. Valley National Advisers Inc. raised its position in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock valued at $71,000 after buying an additional 310 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Cheniere Energy Partners by 53.7% during 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 in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Cheniere Energy Partners in the third quarter worth $116,000. Geneos Wealth Management Inc. lifted its position 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 purchasing an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Cheniere Energy Partners during the third quarter worth $146,000. 46.55% of the stock is currently owned by institutional investors.
About Cheniere Energy Partners
(
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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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