Cheniere Energy Partners (NYSE:CQP) Shares Bought by Powell Investment Advisors LLC

Powell Investment Advisors LLC lifted its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,820 shares of the company’s stock after acquiring an additional 258 shares during the period. Powell Investment Advisors LLC’s holdings in Cheniere Energy Partners were worth $893,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. raised its stake in Cheniere Energy Partners by 30.1% during the fourth 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. Millburn Ridgefield Corp acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth $116,000. Geneos Wealth Management Inc. raised its position in shares of 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 during the period. Larson Financial Group LLC acquired a new position in Cheniere Energy Partners in the third quarter valued at $146,000. Finally, Charles Schwab Trust Co purchased a new stake in Cheniere Energy Partners during the fourth quarter valued at about $212,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CQP has been the topic of a number of research reports. Bank of America started coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective on the stock. Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company boosted 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.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $61.97 on Monday. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The stock has a market capitalization of $30.00 billion, a P/E ratio of 13.39 and a beta of 0.76. The stock has a 50-day moving average of $57.94.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is currently 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.