MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Cheniere Energy Partners, L.P. $CQP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cheniere Energy Partners, L.P. by 24.2%, owning approximately 2.95 million shares worth $195.06 million as of the latest SEC filing.
• Analysts have set mixed price targets for Cheniere Energy Partners, with Barclays and Wells Fargo lowering their targets, while Bank of America raised theirs, leading to a consensus rating of "Strong Sell".
• The company declared a quarterly dividend of $0.82 per share, yielding approximately 6.1%, with a dividend payout ratio of 75.24% as reported recently.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 24.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,953,675 shares of the company's stock after acquiring an additional 575,788 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.61% of Cheniere Energy Partners worth $195,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new position in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $29,000. Farther Finance Advisors LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $34,000. Montag A & Associates Inc. purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $53,000. SVB Wealth LLC purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $69,000. Finally, Garrison Bradford & Associates Inc. purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $106,000. 46.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CQP. Barclays dropped their price target on Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating on the stock in a research report on Thursday, August 14th. Bank of America upped their price target on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their price target on Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 12th. Five investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Strong Sell" and an average price target of $54.60.

Cheniere Energy Partners Stock Up 0.1%

NYSE:CQP traded up $0.04 during mid-day trading on Wednesday, hitting $53.50. 50,612 shares of the stock traded hands, compared to its average volume of 177,985. The business's 50-day moving average price is $54.74 and its 200 day moving average price is $58.17. The company has a market cap of $25.89 billion, a PE ratio of 12.98 and a beta of 0.42. Cheniere Energy Partners, L.P. has a 12-month low of $47.55 and a 12-month high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners's revenue for the quarter was up 29.6% on a year-over-year basis. Analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners's dividend payout ratio (DPR) is presently 75.24%.

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.