Virtu Financial LLC Invests $470,000 in Cheniere Energy Partners (NYSE:CQP)

Virtu Financial LLC purchased a new stake in shares of Cheniere Energy Partners (NYSE:CQP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,844 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CQP. Valley National Advisers Inc. raised its stake in shares of Cheniere Energy Partners by 30.1% in 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 during the last quarter. IFP Advisors Inc raised its position in Cheniere Energy Partners by 53.7% in 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 during the last quarter. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners in the third quarter worth $116,000. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy Partners by 64.5% during the fourth 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. Finally, Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at $146,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CQP has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Barclays increased their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $50.00 to $51.00 in a research report on Friday, February 21st.

Cheniere Energy Partners Trading Up 0.8 %

Cheniere Energy Partners stock opened at $62.95 on Wednesday. The firm has a market cap of $30.47 billion, a P/E ratio of 14.78 and a beta of 0.70. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $68.30. The company’s 50-day simple moving average is $62.83.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a $0.775 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.77%.

Cheniere Energy Partners Company 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.