Mediolanum International Funds Ltd Has $5.13 Million Stake in Cheniere Energy Partners (NYSE:CQP)

Mediolanum International Funds Ltd raised its holdings in Cheniere Energy Partners (NYSE:CQP - Free Report) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,491 shares of the company's stock after purchasing an additional 35,954 shares during the period. Mediolanum International Funds Ltd's holdings in Cheniere Energy Partners were worth $5,126,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PFG Investments LLC grew its stake in Cheniere Energy Partners by 10.1% in the fourth quarter. PFG Investments LLC now owns 20,288 shares of the company's stock worth $1,078,000 after purchasing an additional 1,858 shares during the period. Geneos Wealth Management Inc. increased its holdings in Cheniere Energy Partners by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Charles Schwab Trust Co bought a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at $212,000. JPMorgan Chase & Co. lifted its position in shares of Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company's stock valued at $37,264,000 after acquiring an additional 137,477 shares in the last quarter. Finally, Blankinship & Foster LLC bought a new position in shares of Cheniere Energy Partners during the third quarter worth $424,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CQP has been the topic of several analyst reports. Barclays upped their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Bank of America started coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an "underperform" rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company boosted 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 report on Wednesday, December 18th.

Cheniere Energy Partners Stock Up 0.7 %

Cheniere Energy Partners stock traded up $0.47 during mid-day trading on Wednesday, hitting $64.70. The company's stock had a trading volume of 614,586 shares, compared to its average volume of 277,408. The firm has a market cap of $31.32 billion, a price-to-earnings ratio of 13.97 and a beta of 0.76. The business has a fifty day moving average price of $57.77. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47.

Cheniere Energy Partners Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 4.79%. 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 payout ratio is 66.95%.

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.