NewEdge Advisors LLC Buys 1,388 Shares of Cheniere Energy Partners (NYSE:CQP)

NewEdge Advisors LLC raised its stake in Cheniere Energy Partners (NYSE:CQP) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,417 shares of the company’s stock after acquiring an additional 1,388 shares during the quarter. NewEdge Advisors LLC’s holdings in Cheniere Energy Partners were worth $500,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after acquiring an additional 310 shares during the period. IFP Advisors Inc grew its position in Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after acquiring an additional 638 shares during the period. Geneos Wealth Management Inc. grew its position in Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Charles Schwab Trust Co bought a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $212,000. Finally, Davidson Trust Co. bought a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $212,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Stock Up 1.0 %

Shares of CQP opened at $59.81 on Monday. Cheniere Energy Partners has a 12-month low of $46.71 and a 12-month high of $68.42. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of 14.04 and a beta of 0.57. The firm’s fifty day moving average price is $62.10.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. As a group, equities analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is 72.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CQP. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Stifel Nicolaus cut 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 report on Friday, February 21st.

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.