Envestnet Asset Management Inc. Has $715,000 Stock Holdings in Cheniere Energy Partners (NYSE:CQP)

Envestnet Asset Management Inc. grew its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,457 shares of the company’s stock after buying an additional 511 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cheniere Energy Partners were worth $715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CQP. Avantax Advisory Services Inc. increased its holdings in shares of Cheniere Energy Partners by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company’s stock worth $395,000 after acquiring an additional 162 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Cheniere Energy Partners by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company’s stock worth $1,106,000 after purchasing an additional 200 shares in the last quarter. Sigma Planning Corp raised its position in shares of Cheniere Energy Partners by 4.9% in the fourth quarter. Sigma Planning Corp now owns 5,161 shares of the company’s stock valued at $274,000 after buying an additional 243 shares in the last quarter. Powell Investment Advisors LLC raised its stake in Cheniere Energy Partners by 1.6% in the fourth quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company’s stock valued at $893,000 after purchasing an additional 258 shares in the last quarter. Finally, Valley National Advisers Inc. raised its position in shares of Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after buying an additional 310 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Up 3.2 %

NYSE:CQP opened at $60.40 on Friday. The firm has a market capitalization of $29.24 billion, a P/E ratio of 14.18 and a beta of 0.57. The company has a fifty day moving average of $61.78 and a 200-day moving average of $58.19. Cheniere Energy Partners has a twelve month low of $46.71 and a twelve month high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.37 billion. On average, analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Friday, May 9th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.78. Cheniere Energy Partners’s dividend payout ratio is currently 72.77%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th. Bank of America lifted their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday. Stifel Nicolaus downgraded Cheniere Energy Partners from a “hold” rating to a “sell” rating and raised their price objective for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Barclays increased their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $53.60.

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.