Clearbridge Investments LLC reduced its position in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) by 13.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 509,291 shares of the company's stock after selling 80,127 shares during the period. Clearbridge Investments LLC owned about 0.11% of Cheniere Energy Partners worth $27,054,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC raised its stake in shares of Cheniere Energy Partners by 48.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company's stock valued at $1,070,000 after acquiring an additional 6,541 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter valued at $424,000. Atria Wealth Solutions Inc. raised its position in Cheniere Energy Partners by 118.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company's stock valued at $1,045,000 after purchasing an additional 10,683 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Cheniere Energy Partners by 21.9% in the third 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 in the last quarter. Finally, Corps Capital Advisors LLC bought a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $499,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.
Cheniere Energy Partners Stock Down 11.0 %
Shares of CQP traded down $7.04 during trading hours on Friday, hitting $57.19. 298,074 shares of the stock traded hands, compared to its average volume of 173,054. The firm has a fifty day simple moving average of $63.28. The stock has a market capitalization of $27.68 billion, a price-to-earnings ratio of 13.42 and a beta of 0.57. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $68.42.
Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. As a group, equities research analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.
Cheniere Energy Partners Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Monday, February 10th. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. Cheniere Energy Partners's payout ratio is currently 72.77%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price target for the company from $50.00 to $51.00 in a report on Friday, February 21st. Barclays raised their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price 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.
Check Out Our Latest Analysis on CQP
About Cheniere Energy Partners
(
Free Report)
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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