Cheniere Energy Partners (NYSE:CQP) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,638 shares of the company’s stock after acquiring an additional 1,272 shares during the quarter. Cetera Investment Advisers’ holdings in Cheniere Energy Partners were worth $2,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc increased its position in Cheniere Energy Partners by 53.7% during 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 Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $201,000. Finally, Charles Schwab Trust Co acquired a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CQP. Bank of America increased their target price on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. Stifel Nicolaus downgraded shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners presently has a consensus rating of “Reduce” and an average target price of $53.60.

Cheniere Energy Partners Stock Down 0.2%

NYSE CQP opened at $61.12 on Friday. The stock has a market cap of $29.59 billion, a PE ratio of 14.35 and a beta of 0.45. Cheniere Energy Partners has a fifty-two week low of $46.73 and a fifty-two week high of $68.42. The business has a 50 day moving average price of $60.67 and a two-hundred day moving average price of $58.89.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. Sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Friday, May 9th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.78. Cheniere Energy Partners’s dividend payout ratio is currently 74.52%.

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.