XTX Topco Ltd Takes Position in Cheniere Energy Partners (NYSE:CQP)

XTX Topco Ltd purchased a new position in shares of Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,589 shares of the company’s stock, valued at approximately $775,000.

A number of other institutional investors have also recently added to or reduced their stakes in CQP. Valley National Advisers Inc. grew its stake in shares of Cheniere Energy Partners by 30.1% during the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc grew its stake in Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after purchasing an additional 638 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the last quarter. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners in the 4th quarter valued at approximately $212,000. Finally, Davidson Trust Co. purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $212,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

CQP stock opened at $61.19 on Friday. The firm’s 50 day moving average price is $62.44. Cheniere Energy Partners has a 12-month low of $46.69 and a 12-month high of $68.42. The firm has a market cap of $29.62 billion, a price-to-earnings ratio of 14.36 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. On average, equities research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced 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 an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s payout ratio is presently 72.77%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price target for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. Barclays boosted their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock 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.