Tortoise Capital Advisors L.L.C. Sells 4,717 Shares of Cheniere Energy Partners (NYSE:CQP)

Tortoise Capital Advisors L.L.C. reduced its position in Cheniere Energy Partners (NYSE:CQP - Free Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 666,833 shares of the company's stock after selling 4,717 shares during the quarter. Cheniere Energy Partners comprises about 0.5% of Tortoise Capital Advisors L.L.C.'s holdings, making the stock its 24th biggest holding. Tortoise Capital Advisors L.L.C. owned 0.14% of Cheniere Energy Partners worth $35,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CQP. Valley National Advisers Inc. lifted 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 valued at $71,000 after purchasing an additional 310 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after purchasing an additional 638 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock valued at $135,000 after purchasing an additional 1,000 shares during the last quarter. Charles Schwab Trust Co bought a new stake in Cheniere Energy Partners in the 4th quarter worth approximately $212,000. Finally, Davidson Trust Co. purchased a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $212,000. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock traded up $0.08 during mid-day trading on Wednesday, reaching $58.97. 79,301 shares of the company traded hands, compared to its average volume of 167,188. The stock's 50 day moving average price is $62.20. Cheniere Energy Partners has a 52-week low of $46.71 and a 52-week high of $68.42. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 13.84 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.37 billion. As a group, analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a $0.775 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.26%. Cheniere Energy Partners's dividend payout ratio is currently 72.77%.

Analyst Ratings Changes

CQP has been the topic of a number of analyst reports. Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Barclays increased their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th.

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.