135,703 Shares in Cheniere Energy Partners, L.P. $CQP Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC acquired a new position in Cheniere Energy Partners, L.P. (NYSE:CQP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 135,703 shares of the company’s stock, valued at approximately $7,304,000.

Several other large investors also recently made changes to their positions in CQP. Alps Advisors Inc. lifted its position in Cheniere Energy Partners by 2.3% during the 3rd quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock worth $484,487,000 after buying an additional 206,306 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at about $7,357,000. HRT Financial LP raised its stake in shares of Cheniere Energy Partners by 1,689.3% in the second quarter. HRT Financial LP now owns 88,139 shares of the company’s stock worth $4,940,000 after acquiring an additional 83,213 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cheniere Energy Partners by 2.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock worth $149,885,000 after acquiring an additional 68,599 shares during the last quarter. Finally, Energy Income Partners LLC lifted its position in shares of Cheniere Energy Partners by 4.3% during the second quarter. Energy Income Partners LLC now owns 1,016,265 shares of the company’s stock worth $56,962,000 after purchasing an additional 41,707 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 1.4%

Shares of NYSE CQP opened at $67.65 on Friday. The firm has a market cap of $32.74 billion, a PE ratio of 13.08 and a beta of 0.40. Cheniere Energy Partners, L.P. has a 12-month low of $49.53 and a 12-month high of $69.49. The company’s fifty day simple moving average is $59.41 and its 200 day simple moving average is $55.36. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.11 by $1.27. The firm had revenue of $2.91 billion during the quarter. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. As a group, sell-side analysts forecast that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were issued a $0.775 dividend. The ex-dividend date was Monday, February 9th. This represents a $3.10 annualized dividend and a yield of 4.6%. Cheniere Energy Partners’s dividend payout ratio is presently 59.96%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CQP shares. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Barclays lifted their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Friday, February 27th. Wells Fargo & Company cut their price target on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. Bank of America raised their price target on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a report on Friday. Finally, Zacks Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $56.43.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.