Atria Wealth Solutions Inc. Buys 10,683 Shares of Cheniere Energy Partners (NYSE:CQP)

Atria Wealth Solutions Inc. grew its stake in Cheniere Energy Partners (NYSE:CQP) by 118.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,681 shares of the company’s stock after purchasing an additional 10,683 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cheniere Energy Partners were worth $1,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Valley National Advisers Inc. boosted its stake in shares of 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 during the period. Millburn Ridgefield Corp bought a new stake in Cheniere Energy Partners in the third quarter worth about $116,000. Geneos Wealth Management Inc. boosted its position in shares of Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the period. Larson Financial Group LLC bought a new position in shares of Cheniere Energy Partners during the third quarter valued at approximately $146,000. Finally, Charles Schwab Trust Co purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $212,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 3.2 %

Shares of NYSE CQP opened at $64.06 on Tuesday. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $66.47. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 15.04 and a beta of 0.76. The company has a 50 day moving average price of $58.96.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share 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 firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Equities research analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.84%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is presently 72.77%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CQP shares. Barclays boosted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price target for the stock from $50.00 to $51.00 in a report on Friday.

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.