Charles Schwab Trust Co Acquires Shares of 4,000 Cheniere Energy Partners (NYSE:CQP)

Charles Schwab Trust Co bought a new stake in shares of Cheniere Energy Partners (NYSE:CQPFree Report) in the 4th quarter, Holdings Channel reports. The fund bought 4,000 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in Cheniere Energy Partners during the 3rd quarter valued at approximately $116,000. Larson Financial Group LLC purchased a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at approximately $146,000. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $244,000. Van ECK Associates Corp bought a new stake in shares of Cheniere Energy Partners in the third quarter worth $416,000. Finally, Blankinship & Foster LLC acquired a new stake in Cheniere Energy Partners in the third quarter valued at $424,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CQP shares. Wells Fargo & Company increased their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Bank of America began coverage on shares of Cheniere Energy Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target on the stock. Finally, Barclays boosted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

Read Our Latest Stock Report on Cheniere Energy Partners

Cheniere Energy Partners Trading Up 0.3 %

CQP stock opened at $62.09 on Tuesday. The company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 13.41 and a beta of 0.75. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.50. The company’s fifty day simple moving average is $55.71.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. Cheniere Energy Partners’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. As a group, equities research analysts predict that Cheniere Energy Partners will post 4.32 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s payout ratio is 66.95%.

Cheniere Energy Partners Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSE:CQP)

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