Empowered Funds LLC Has $1.83 Million Stock Position in Cheniere Energy Partners (NYSE:CQP)

Empowered Funds LLC grew its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,526 shares of the company’s stock after purchasing an additional 3,012 shares during the period. Empowered Funds LLC’s holdings in Cheniere Energy Partners were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Cheniere Energy Partners by 48.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock worth $1,070,000 after acquiring an additional 6,541 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $424,000. JPMorgan Chase & Co. raised its holdings in shares of Cheniere Energy Partners by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after acquiring an additional 137,477 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth about $866,000. Finally, Mediolanum International Funds Ltd raised its holdings in shares of Cheniere Energy Partners by 59.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock worth $5,126,000 after acquiring an additional 35,954 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CQP shares. Barclays upped their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $61.62 on Friday. The stock has a market cap of $29.83 billion, a price-to-earnings ratio of 13.31 and a beta of 0.76. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $66.47. The company has a 50-day moving average price of $58.33.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were paid a $0.775 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 annualized dividend and a yield of 5.03%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Cheniere Energy Partners Company 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.