Corps Capital Advisors LLC acquired a new position in shares of Cheniere Energy Partners (NYSE:CQP – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 9,400 shares of the company’s stock, valued at approximately $499,000.
A number of other large investors also recently added to or reduced their stakes in CQP. Van ECK Associates Corp acquired a new position in Cheniere Energy Partners during the third quarter worth $416,000. Empowered Funds LLC raised its position in shares of Cheniere Energy Partners by 3.4% in the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after buying an additional 1,043 shares during the last quarter. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $244,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $146,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $866,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently commented on CQP. Wells Fargo & Company increased their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Barclays increased 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 Trading Down 1.8 %
Cheniere Energy Partners stock opened at $61.33 on Thursday. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $66.47. The firm has a market capitalization of $29.69 billion, a PE ratio of 13.25 and a beta of 0.76. The stock’s 50-day moving average price is $58.61.
Cheniere Energy Partners Increases Dividend
The company also recently disclosed 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 is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 5.05%. The ex-dividend date was Monday, February 10th. 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.
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