Mercer Global Advisors Inc. ADV Makes New Investment in Cheniere Energy Partners (NYSE:CQP)

Mercer Global Advisors Inc. ADV purchased a new position in Cheniere Energy Partners (NYSE:CQP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,392 shares of the company's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mediolanum International Funds Ltd raised its stake in shares of Cheniere Energy Partners by 59.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company's stock worth $5,126,000 after purchasing an additional 35,954 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $1,365,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $876,000. XTX Topco Ltd purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $775,000. Finally, LPL Financial LLC raised its stake in shares of Cheniere Energy Partners by 18.0% in the fourth quarter. LPL Financial LLC now owns 84,086 shares of the company's stock worth $4,467,000 after purchasing an additional 12,840 shares during the last quarter. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Stock Down 0.2%

NYSE:CQP traded down $0.10 during trading hours on Friday, hitting $61.12. 169,344 shares of the company's stock traded hands, compared to its average volume of 164,455. The firm has a market cap of $29.59 billion, a P/E ratio of 14.35 and a beta of 0.45. Cheniere Energy Partners has a 52 week low of $46.73 and a 52 week high of $68.42. The business's fifty day simple moving average is $60.67 and its two-hundred day simple moving average is $58.89.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) 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 firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. On average, analysts expect that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.28 annualized dividend and a yield of 5.37%. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's payout ratio is 74.52%.

Wall Street Analysts Forecast Growth

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

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.