5,246 Shares in Cheniere Energy Partners (NYSE:CQP) Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. purchased a new stake in shares of Cheniere Energy Partners (NYSE:CQP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,246 shares of the company’s stock, valued at approximately $279,000.

A number of other large investors have also made changes to their positions in CQP. Spire Wealth Management grew its stake in shares of Cheniere Energy Partners by 15.5% during the 4th quarter. Spire Wealth Management now owns 5,888 shares of the company’s stock valued at $313,000 after purchasing an additional 790 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Cheniere Energy Partners by 33.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,974 shares of the company’s stock valued at $317,000 after buying an additional 1,500 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Cheniere Energy Partners by 9.6% in the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock worth $1,834,000 after buying an additional 3,012 shares in the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock worth $5,425,000 after acquiring an additional 1,571 shares during the last quarter. Finally, Powell Investment Advisors LLC boosted its position in shares of Cheniere Energy Partners by 1.6% during the fourth quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company’s stock worth $893,000 after acquiring an additional 258 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CQP. JPMorgan Chase & Co. upped their target price 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 upped their target price on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Finally, Bank of America upped their price objective on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, April 29th. Five analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and an average price target of $54.00.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $58.95 on Friday. The stock has a market capitalization of $28.53 billion, a price-to-earnings ratio of 13.84 and a beta of 0.45. Cheniere Energy Partners has a 1 year low of $46.73 and a 1 year high of $68.42. The business’s 50 day simple moving average is $59.16 and its 200-day simple moving average is $59.56.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 EPS. On average, sell-side analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 9th were given a dividend of $0.82 per share. The ex-dividend date was Friday, May 9th. This represents a $3.28 annualized dividend and a dividend yield of 5.56%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. Cheniere Energy Partners’s payout ratio is currently 74.52%.

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.