Horizon Kinetics Asset Management LLC Invests $212,000 in Cheniere Energy Partners (NYSE:CQP)

Horizon Kinetics Asset Management LLC acquired a new stake in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,000 shares of the company's stock, valued at approximately $212,000.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. lifted 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 buying an additional 310 shares in the last quarter. IFP Advisors Inc raised its holdings in 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 last quarter. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners in the 3rd quarter valued at approximately $116,000. Geneos Wealth Management Inc. boosted its stake in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock valued at $135,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter valued at $146,000. Hedge funds and other institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Stock Up 0.5 %

Cheniere Energy Partners stock traded up $0.33 during mid-day trading on Friday, reaching $62.02. 975,722 shares of the stock traded hands, compared to its average volume of 163,519. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $68.30. The firm's 50-day simple moving average is $62.51. The firm has a market capitalization of $30.02 billion, a PE ratio of 14.56 and a beta of 0.70.

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Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Equities research analysts expect that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared 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. This represents a $3.10 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was 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 (DPR) is currently 72.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CQP. Barclays upped their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Wells Fargo & Company upped their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an "underweight" rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price target for the stock from $50.00 to $51.00 in a research note on Friday, February 21st.

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.