Quantinno Capital Management LP Acquires Shares of 6,527 Cheniere Energy Partners (NYSE:CQP)

Quantinno Capital Management LP acquired a new stake in Cheniere Energy Partners (NYSE:CQP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,527 shares of the company's stock, valued at approximately $347,000.

Several other institutional investors have also modified their holdings of CQP. Valley National Advisers Inc. raised its holdings 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 worth $71,000 after buying an additional 310 shares during the period. IFP Advisors Inc raised its holdings in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after buying an additional 638 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after buying an additional 1,000 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $201,000. Finally, Davidson Trust Co. purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $212,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Stock Performance

CQP traded down $0.29 during trading on Thursday, hitting $58.44. 59,019 shares of the stock were exchanged, compared to its average volume of 162,701. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 13.73 and a beta of 0.45. The firm has a 50 day simple moving average of $59.81 and a 200 day simple moving average of $59.29. Cheniere Energy Partners has a 1 year low of $46.73 and a 1 year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results 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%. Cheniere Energy Partners's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend 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 (DPR) is 74.52%.

Analyst Ratings Changes

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

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.