2,374 Shares in Cheniere Energy Partners (NYSE:CQP) Purchased by Millburn Ridgefield Corp

Millburn Ridgefield Corp purchased a new stake in Cheniere Energy Partners (NYSE:CQP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,374 shares of the company’s stock, valued at approximately $116,000.

Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at $244,000. Van ECK Associates Corp acquired a new position in Cheniere Energy Partners during the 3rd quarter worth about $416,000. Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $866,000. Finally, Empowered Funds LLC increased its stake in shares of Cheniere Energy Partners by 3.4% in the 3rd 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. 46.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective for the company.

Cheniere Energy Partners Trading Up 0.4 %

Shares of NYSE CQP opened at $58.91 on Wednesday. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $61.46. The company has a market capitalization of $28.52 billion, a P/E ratio of 12.72 and a beta of 0.73.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly 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). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company earned $0.84 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts predict that Cheniere Energy Partners will post 4.29 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.24%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 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.