Kovitz Investment Group Partners LLC Acquires New Shares in Cheniere Energy Partners (NYSE:CQP)

Kovitz Investment Group Partners LLC purchased a new position in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,387 shares of the company's stock, valued at approximately $1,286,000.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company's stock valued at $1,535,000 after acquiring an additional 1,043 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $116,000. Larson Financial Group LLC bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $244,000. Finally, Fred Alger Management LLC boosted its stake in Cheniere Energy Partners by 12.7% during the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company's stock worth $2,580,000 after acquiring an additional 5,969 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Cheniere Energy Partners Trading Up 0.6 %

NYSE CQP traded up $0.31 during trading on Wednesday, hitting $56.85. 130,182 shares of the company's stock were exchanged, compared to its average volume of 162,241. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 12.23 and a beta of 0.73. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $59.40.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business's revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.14 annualized dividend and a yield of 0.25%. Cheniere Energy Partners's dividend payout ratio is currently 66.95%.

Analysts Set New Price Targets

Separately, Bank of America began coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $46.00 price objective on the stock.

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.