Raymond James Financial Inc. Buys New Shares in Cheniere Energy Partners (NYSE:CQP)

Raymond James Financial Inc. purchased a new position in shares of Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,692 shares of the company’s stock, valued at approximately $1,365,000.

Other large investors have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC grew its holdings in Cheniere Energy Partners by 48.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock worth $1,070,000 after purchasing an additional 6,541 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of Cheniere Energy Partners by 118.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company’s stock valued at $1,045,000 after purchasing an additional 10,683 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after buying an additional 137,477 shares during the last quarter. Corps Capital Advisors LLC bought a new stake in shares of Cheniere Energy Partners during the 4th quarter worth about $499,000. Finally, MorganRosel Wealth Management LLC bought a new position in Cheniere Energy Partners in the 4th quarter valued at about $876,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $60.40 on Friday. Cheniere Energy Partners has a 52-week low of $46.71 and a 52-week high of $68.42. The business’s 50 day moving average price is $61.78 and its two-hundred day moving average price is $58.19. The firm has a market cap of $29.24 billion, a PE ratio of 14.18 and a beta of 0.45.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.37 billion. Research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CQP. Bank of America lifted their price target on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th. Barclays boosted their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus lowered 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 note on Friday, February 21st. Five equities research analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners presently has a consensus rating of “Reduce” and an average price target of $53.60.

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.