M&T Bank Corp Buys Shares of 12,050 Cheniere Energy Partners (NYSE:CQP)

M&T Bank Corp purchased a new stake in Cheniere Energy Partners (NYSE:CQP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,050 shares of the company's stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Montchanin Asset Management LLC boosted its position in shares of Cheniere Energy Partners by 2.6% during the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company's stock worth $951,000 after purchasing an additional 500 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $1,286,000. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners in the third quarter worth approximately $116,000. Fred Alger Management LLC grew its stake in Cheniere Energy Partners by 12.7% in the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company's stock valued at $2,580,000 after acquiring an additional 5,969 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $866,000. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CQP has been the topic of a number of recent research reports. Bank of America began coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $46.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a report on Wednesday.

Cheniere Energy Partners Stock Performance

CQP traded down $2.26 during midday trading on Wednesday, reaching $52.49. 156,337 shares of the company were exchanged, compared to its average volume of 161,976. The company has a market cap of $25.41 billion, a P/E ratio of 11.34 and a beta of 0.73. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $59.40. The stock has a fifty day moving average of $53.04.

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

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a yield of 0.27%. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 66.95%.

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.