CIBC Bancorp USA Inc. Purchases New Position in Cheniere Energy Partners, L.P. $CQP

CIBC Bancorp USA Inc. acquired a new stake in shares of 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. The institutional investor acquired 136,703 shares of the company’s stock, valued at approximately $7,357,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares in the last quarter. Larson Financial Group LLC grew its holdings in Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the last quarter. MAI Capital Management increased its holdings in shares of Cheniere Energy Partners by 1,339.3% in the second quarter. MAI Capital Management now owns 1,612 shares of the company’s stock valued at $90,000 after purchasing an additional 1,500 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Cheniere Energy Partners by 203.1% during the third quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock worth $100,000 after acquiring an additional 1,249 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Cheniere Energy Partners during the third quarter valued at $126,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Barclays lifted their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. Morgan Stanley dropped their target price on shares of Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Finally, Bank of America raised their price target on Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $56.43.

Cheniere Energy Partners Stock Up 1.4%

NYSE:CQP opened at $67.65 on Friday. The stock has a 50-day simple moving average of $59.41 and a 200 day simple moving average of $55.36. Cheniere Energy Partners, L.P. has a 52-week low of $49.53 and a 52-week high of $69.49. The company has a market cap of $32.74 billion, a PE ratio of 13.08 and a beta of 0.40. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 EPS 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 negative return on equity of 1,446.48% and a net margin of 27.76%.The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. On average, sell-side analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS 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. Investors of record on Monday, February 9th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 59.96%.

About Cheniere Energy Partners

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.