IFP Advisors Inc Purchases 632 Shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP)

Posted by Defense World Staff on May 20th, 2023

IFP Advisors Inc raised its position in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) by 613.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 735 shares of the energy company’s stock after purchasing an additional 632 shares during the quarter. IFP Advisors Inc’s holdings in Cheniere Energy Partners were worth $29,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Samalin Investment Counsel LLC bought a new position in shares of Cheniere Energy Partners during the first quarter worth about $59,000. Tower Research Capital LLC TRC lifted its holdings in shares of Cheniere Energy Partners by 54.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,056 shares of the energy company’s stock valued at $56,000 after purchasing an additional 371 shares in the last quarter. Optimum Investment Advisors lifted its holdings in shares of Cheniere Energy Partners by 228.6% in the fourth quarter. Optimum Investment Advisors now owns 1,150 shares of the energy company’s stock valued at $65,000 after purchasing an additional 800 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Cheniere Energy Partners in the first quarter valued at approximately $141,000. Finally, Sigma Planning Corp bought a new position in shares of Cheniere Energy Partners in the third quarter valued at approximately $204,000. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy Partners

In other Cheniere Energy Partners news, major shareholder Cqp Rockies Platform Llc bought 53,413 shares of the business’s stock in a transaction on Monday, March 27th. The shares were acquired at an average cost of $45.73 per share, for a total transaction of $2,442,576.49. Following the purchase, the insider now owns 36,557 shares in the company, valued at approximately $1,671,751.61. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Cqp Rockies Platform Llc purchased 53,413 shares of the stock in a transaction dated Monday, March 27th. The shares were purchased at an average cost of $45.73 per share, with a total value of $2,442,576.49. Following the acquisition, the insider now directly owns 36,557 shares of the company’s stock, valued at $1,671,751.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings L.P. Blackstone III purchased 27,082 shares of the stock in a transaction dated Wednesday, March 29th. The shares were purchased at an average cost of $47.11 per share, for a total transaction of $1,275,833.02. Following the completion of the acquisition, the insider now directly owns 18,535 shares in the company, valued at $873,183.85. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CQP. StockNews.com upgraded Cheniere Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 2nd. 92 Resources restated a “maintains” rating on shares of Cheniere Energy Partners in a research report on Thursday, May 4th. Stifel Nicolaus reduced their target price on Cheniere Energy Partners from $53.00 to $49.00 in a research report on Wednesday, May 3rd. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Friday, March 3rd. Finally, Royal Bank of Canada reduced their target price on Cheniere Energy Partners from $56.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus price target of $51.14.

Cheniere Energy Partners Stock Performance

CQP stock opened at $46.25 on Friday. Cheniere Energy Partners, L.P. has a fifty-two week low of $40.20 and a fifty-two week high of $62.08. The business’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $52.82. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 14.10 and a beta of 0.84.

Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last posted its earnings results on Thursday, February 23rd. The energy company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.15. Cheniere Energy Partners had a negative return on equity of 104.57% and a net margin of 14.52%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.37 billion. Sell-side analysts forecast that Cheniere Energy Partners, L.P. will post 2.7 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were paid a $0.775 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $3.10 annualized dividend and a dividend yield of 6.70%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio is presently 94.51%.