17,768 Shares in Cheniere Energy Partners (NYSE:CQP) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new position in Cheniere Energy Partners (NYSE:CQP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,768 shares of the company's stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Cheniere Energy Partners by 3.4% in the third quarter. Empowered Funds LLC now owns 31,514 shares of the company's stock valued at $1,535,000 after buying an additional 1,043 shares during the period. Van ECK Associates Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at $416,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners during the third quarter worth $244,000. Finally, Larson Financial Group LLC bought a new position in Cheniere Energy Partners during the third quarter worth $146,000. Institutional investors and hedge funds own 46.55% of the company's stock.

Analyst Upgrades and Downgrades

Separately, 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.

Cheniere Energy Partners Stock Performance

NYSE:CQP traded down $0.18 on Monday, hitting $57.76. The stock had a trading volume of 119,783 shares, compared to its average volume of 161,855. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $59.40. The firm has a market cap of $27.96 billion, a P/E ratio of 12.47 and a beta of 0.73.

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

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners's payout ratio is presently 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.