International Assets Investment Management LLC Takes Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

International Assets Investment Management LLC purchased a new stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 14,937 shares of the company’s stock, valued at approximately $7,440,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cheniere Energy Partners by 15.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after acquiring an additional 298,335 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 13.1% in the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after purchasing an additional 802,824 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at about $3,419,000. Invesco Ltd. boosted its stake in shares of Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares in the last quarter. Finally, Brookstone Capital Management increased its position in shares of Cheniere Energy Partners by 36.0% during the fourth quarter. Brookstone Capital Management now owns 5,740 shares of the company’s stock valued at $286,000 after buying an additional 1,520 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 0.1 %

CQP opened at $50.80 on Tuesday. Cheniere Energy Partners, L.P. has a 1 year low of $43.42 and a 1 year high of $62.34. The stock has a 50-day moving average of $48.77. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 10.97 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Friday, May 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 266.80%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy Partners, L.P. will post 3.69 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.775 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $3.10 annualized dividend and a yield of 6.10%. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group reduced their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Barclays decreased their price target on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, April 18th. Finally, Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.80.

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.