Corps Capital Advisors LLC Purchases New Shares in Cheniere Energy Partners (NYSE:CQP)

Corps Capital Advisors LLC bought a new stake in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,400 shares of the company's stock, valued at approximately $499,000.

Several other large investors also recently added to or reduced their stakes in the business. Davidson Trust Co. bought a new stake in Cheniere Energy Partners during the fourth quarter valued at approximately $212,000. Atria Wealth Solutions Inc. grew its position in Cheniere Energy Partners by 118.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company's stock valued at $1,045,000 after buying an additional 10,683 shares during the period. Sanctuary Advisors LLC grew its position in Cheniere Energy Partners by 29.6% during the fourth quarter. Sanctuary Advisors LLC now owns 6,600 shares of the company's stock valued at $351,000 after buying an additional 1,509 shares during the period. Van ECK Associates Corp grew its position in Cheniere Energy Partners by 39.5% during the fourth quarter. Van ECK Associates Corp now owns 11,779 shares of the company's stock valued at $626,000 after buying an additional 3,336 shares during the period. Finally, MADDEN SECURITIES Corp grew its position in Cheniere Energy Partners by 9.9% during the fourth quarter. MADDEN SECURITIES Corp now owns 16,700 shares of the company's stock valued at $887,000 after buying an additional 1,500 shares during the period. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Trading Down 1.3 %

Shares of NYSE:CQP traded down $0.83 during midday trading on Friday, reaching $62.31. 210,106 shares of the company were exchanged, compared to its average volume of 306,079. The company's fifty day moving average is $58.78. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47. The firm has a market capitalization of $30.16 billion, a PE ratio of 14.63 and a beta of 0.76.

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 for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. As a group, sell-side analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.98%. Cheniere Energy Partners's dividend payout ratio is currently 72.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CQP shares. Barclays upped their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Wells Fargo & Company upped 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. Finally, Stifel Nicolaus lowered 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 research report on Friday.

Cheniere Energy Partners 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.