Mercer Global Advisors Inc. ADV Purchases Shares of 6,392 Cheniere Energy Partners (NYSE:CQP)

Mercer Global Advisors Inc. ADV purchased a new stake in Cheniere Energy Partners (NYSE:CQP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,392 shares of the company's stock, valued at approximately $340,000.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its stake in Cheniere Energy Partners by 1.7% during the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company's stock worth $14,325,000 after buying an additional 4,383 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company's stock worth $5,425,000 after buying an additional 1,571 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Cheniere Energy Partners by 59.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company's stock valued at $5,126,000 after acquiring an additional 35,954 shares during the period. LPL Financial LLC increased its holdings in shares of Cheniere Energy Partners by 18.0% in the 4th quarter. LPL Financial LLC now owns 84,086 shares of the company's stock valued at $4,467,000 after purchasing an additional 12,840 shares during the period. Finally, First Trust Advisors LP grew its stake in Cheniere Energy Partners by 5.3% in the fourth quarter. First Trust Advisors LP now owns 81,120 shares of the company's stock valued at $4,309,000 after purchasing an additional 4,094 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a research note on Monday, April 28th. Bank of America boosted their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their target price for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. Five research analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners has an average rating of "Reduce" and an average target price of $53.60.

Cheniere Energy Partners Stock Down 0.3%

CQP stock traded down $0.18 during mid-day trading on Tuesday, reaching $58.53. 11,043 shares of the company traded hands, compared to its average volume of 164,301. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 13.71 and a beta of 0.45. The firm's 50 day moving average price is $60.59 and its 200 day moving average price is $59.01. Cheniere Energy Partners has a fifty-two week low of $46.73 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Friday, May 9th. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's dividend payout ratio is 74.52%.

About Cheniere Energy Partners

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.