MorganRosel Wealth Management LLC Makes New Investment in Cheniere Energy Partners (NYSE:CQP)

MorganRosel Wealth Management LLC purchased a new position in Cheniere Energy Partners (NYSE:CQP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,500 shares of the company's stock, valued at approximately $876,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. raised its stake in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after acquiring an additional 310 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock valued at $97,000 after purchasing an additional 638 shares during the period. Millburn Ridgefield Corp purchased a new position in shares of Cheniere Energy Partners in the third quarter worth about $116,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after purchasing an additional 1,000 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners in the third quarter valued at approximately $146,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CQP shares. Wells Fargo & Company raised 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. Barclays increased their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus downgraded shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and boosted their target price for the company from $50.00 to $51.00 in a research report on Friday, February 21st.

Cheniere Energy Partners Stock Performance

NYSE:CQP traded up $1.47 during trading hours on Friday, reaching $67.62. The company had a trading volume of 162,761 shares, compared to its average volume of 249,384. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 15.87 and a beta of 0.76. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $67.94. The stock has a 50 day moving average price of $59.68.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) 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 firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.37 billion. On average, equities analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.58%. 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%.

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.