16,500 Shares in Cheniere Energy Partners (NYSE:CQP) Purchased by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC acquired a new stake in shares of Cheniere Energy Partners (NYSE:CQP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,500 shares of the company’s stock, valued at approximately $876,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after buying an additional 137,477 shares during the period. Mediolanum International Funds Ltd lifted its holdings in shares of Cheniere Energy Partners by 59.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after acquiring an additional 35,954 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $1,286,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $866,000. Finally, M&T Bank Corp bought a new position in Cheniere Energy Partners during the 3rd quarter valued at about $587,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $64.06 on Tuesday. The business has a fifty day moving average of $58.96. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 15.04 and a beta of 0.76. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $66.47.

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

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were paid a $0.775 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a yield of 4.84%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.77%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $50.00 to $51.00 in a research report on Friday. Finally, Barclays upped their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th.

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.