Cheniere Energy Partners, L.P. $CQP Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 103.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,218 shares of the company’s stock after buying an additional 38,784 shares during the period. Exchange Traded Concepts LLC’s holdings in Cheniere Energy Partners were worth $4,076,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CQP. Larson Financial Group LLC raised its stake in shares of Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares in the last quarter. CENTRAL TRUST Co grew its stake in Cheniere Energy Partners by 203.1% during the 3rd quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock worth $100,000 after purchasing an additional 1,249 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $126,000. Finally, Sunbelt Securities Inc. increased its holdings in Cheniere Energy Partners by 24.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,555 shares of the company’s stock worth $138,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 3.0%

NYSE:CQP opened at $66.85 on Tuesday. The stock has a 50-day simple moving average of $60.89 and a 200-day simple moving average of $55.98. The stock has a market cap of $32.36 billion, a P/E ratio of 12.93 and a beta of 0.40. Cheniere Energy Partners, L.P. has a 1 year low of $49.53 and a 1 year high of $70.64. 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 earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.11 by $1.27. The business had revenue of $2.91 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.Cheniere Energy Partners’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. As a group, analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.10 dividend on an annualized basis and a yield of 4.6%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 59.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CQP shares. Citigroup decreased their price objective on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Barclays upped their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $59.57.

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.