Raymond James Financial Inc. Makes New $1.37 Million Investment in Cheniere Energy Partners (NYSE:CQP)

Raymond James Financial Inc. bought a new stake in Cheniere Energy Partners (NYSE:CQP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 25,692 shares of the company's stock, valued at approximately $1,365,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp grew its holdings in shares of Cheniere Energy Partners by 4.9% during the fourth quarter. Sigma Planning Corp now owns 5,161 shares of the company's stock worth $274,000 after purchasing an additional 243 shares during the last quarter. Powell Investment Advisors LLC grew its stake in Cheniere Energy Partners by 1.6% during the 4th quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company's stock worth $893,000 after buying an additional 258 shares during the last quarter. Valley National Advisers Inc. increased its position in Cheniere Energy Partners by 30.1% during 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 during the period. Montchanin Asset Management LLC increased its position in Cheniere Energy Partners by 2.6% during the third quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company's stock worth $951,000 after buying an additional 500 shares during the period. Finally, IFP Advisors Inc lifted its stake in 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 buying an additional 638 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CQP. Barclays lifted their target price 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. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price objective for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Finally, 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 report on Wednesday, December 18th.

Cheniere Energy Partners Stock Down 2.0 %

Shares of Cheniere Energy Partners stock traded down $1.13 during trading hours on Monday, hitting $56.35. 286,063 shares of the company were exchanged, compared to its average volume of 173,504. The firm has a 50-day simple moving average of $63.23. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $68.42. The firm has a market capitalization of $27.28 billion, a PE ratio of 13.23 and a beta of 0.57.

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

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a $0.775 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a yield of 5.50%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.04. Cheniere Energy Partners's dividend payout ratio (DPR) is presently 72.77%.

About Cheniere Energy Partners

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.