Stratos Wealth Partners LTD. Purchases 1,500 Shares of Cheniere Energy Partners (NYSE:CQP)

Stratos Wealth Partners LTD. grew its position in shares of Cheniere Energy Partners (NYSE:CQP) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,974 shares of the company’s stock after buying an additional 1,500 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy Partners were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. raised its holdings in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after purchasing an additional 310 shares during the period. Montchanin Asset Management LLC raised its holdings in Cheniere Energy Partners by 2.6% in the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock worth $951,000 after purchasing an additional 500 shares during the period. Spire Wealth Management raised its holdings in Cheniere Energy Partners by 15.5% in the 4th quarter. Spire Wealth Management now owns 5,888 shares of the company’s stock worth $313,000 after purchasing an additional 790 shares during the period. Geneos Wealth Management Inc. increased its stake in Cheniere Energy Partners by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after buying an additional 1,043 shares in the last quarter. 46.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CQP has been the subject of a number of analyst reports. Bank of America initiated coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target for the company. Wells Fargo & Company increased their price target on 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, Barclays increased their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Trading Down 2.0 %

Shares of Cheniere Energy Partners stock opened at $61.00 on Thursday. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of 13.17 and a beta of 0.76. The firm’s 50-day moving average price is $58.19. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $66.47.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be given a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.08%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

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.