IFP Advisors Inc Boosts Stake in Cheniere Energy Partners (NYSE:CQP)

IFP Advisors Inc grew its stake in Cheniere Energy Partners (NYSE:CQP) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,825 shares of the company’s stock after buying an additional 638 shares during the period. IFP Advisors Inc’s holdings in Cheniere Energy Partners were worth $97,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. raised its holdings in shares of Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after buying an additional 310 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Cheniere Energy Partners in the third quarter worth $116,000. Geneos Wealth Management Inc. increased its stake in shares of Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter worth $146,000. Finally, Charles Schwab Trust Co acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter worth $212,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CQP. Barclays increased their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note 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 stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their price objective for the stock from $50.00 to $51.00 in a research note on Friday, February 21st.

Cheniere Energy Partners Trading Down 4.1 %

CQP stock opened at $64.35 on Wednesday. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 15.10 and a beta of 0.70. The firm’s fifty day moving average price is $60.26. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $68.30.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.77%.

Cheniere Energy Partners 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.