Mariner LLC Purchases 12,711 Shares of Cheniere Energy Partners (NYSE:CQP)

Mariner LLC grew its holdings in Cheniere Energy Partners (NYSE:CQP - Free Report) by 62.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,997 shares of the company's stock after acquiring an additional 12,711 shares during the period. Mariner LLC's holdings in Cheniere Energy Partners were worth $1,753,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Cheniere Energy Partners during the fourth quarter worth $1,365,000. Texas Yale Capital Corp. grew its holdings in Cheniere Energy Partners by 1.4% during the fourth quarter. Texas Yale Capital Corp. now owns 49,835 shares of the company's stock worth $2,647,000 after acquiring an additional 700 shares during the period. Invesco Ltd. boosted its position in Cheniere Energy Partners by 1.7% during the fourth quarter. Invesco Ltd. now owns 269,671 shares of the company's stock worth $14,325,000 after purchasing an additional 4,383 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Cheniere Energy Partners by 3.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,457 shares of the company's stock valued at $715,000 after acquiring an additional 511 shares in the last quarter. Finally, LPL Financial LLC lifted its position 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 valued at $4,467,000 after acquiring an additional 12,840 shares in the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Performance

NYSE CQP traded down $1.53 during trading hours on Wednesday, hitting $58.66. 79,798 shares of the company traded hands, compared to its average volume of 166,189. The business's 50-day moving average is $61.95 and its 200-day moving average is $58.17. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 13.77 and a beta of 0.57. Cheniere Energy Partners has a twelve month low of $46.71 and a twelve month high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be paid a dividend of $0.82 per share. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Friday, May 9th. Cheniere Energy Partners's dividend payout ratio is presently 72.77%.

Analysts Set New Price Targets

CQP has been the subject of a number of recent research reports. Bank of America increased their target price on Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research report on Monday. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and increased their target price for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Barclays upped their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $53.60.

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.