Wealth Enhancement Advisory Services LLC Invests $273,000 in Cheniere Energy Partners, L.P. (NYSE:CQP)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,135 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CQP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cheniere Energy Partners by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company's stock valued at $126,313,000 after buying an additional 122,956 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cheniere Energy Partners in the 4th quarter valued at about $1,365,000. MorganRosel Wealth Management LLC acquired a new position in Cheniere Energy Partners during the 4th quarter valued at about $876,000. XTX Topco Ltd bought a new stake in Cheniere Energy Partners during the 4th 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.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CQP shares. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their target price for the company from $50.00 to $51.00 in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Bank of America raised their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. Finally, Barclays upped their price objective on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. Five investment analysts have rated the stock with a sell rating, According to MarketBeat.com, Cheniere Energy Partners has an average rating of "Reduce" and a consensus target price of $54.00.

Cheniere Energy Partners Trading Down 0.3%

Shares of NYSE:CQP traded down $0.15 during mid-day trading on Thursday, reaching $56.56. The company had a trading volume of 278,264 shares, compared to its average volume of 164,447. Cheniere Energy Partners, L.P. has a one year low of $47.00 and a one year high of $68.42. The company's 50-day moving average price is $58.60 and its 200-day moving average price is $59.69. The firm has a market cap of $27.38 billion, a price-to-earnings ratio of 13.59 and a beta of 0.43.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued 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 414.56% and a net margin of 26.27%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $1.18 EPS. On average, research analysts anticipate that Cheniere Energy Partners, L.P. 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 dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 5.80%. Cheniere Energy Partners's dividend payout ratio is 74.52%.

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.