MGO One Seven LLC Purchases Shares of 5,135 Cheniere Energy Partners (NYSE:CQP)

MGO One Seven LLC acquired a new stake in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,135 shares of the company's stock, valued at approximately $273,000.

Other large investors have also bought and sold shares of the company. Blankinship & Foster LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth $424,000. JPMorgan Chase & Co. grew its stake in shares of Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company's stock worth $37,264,000 after acquiring an additional 137,477 shares during the period. Charles Schwab Trust Co purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $212,000. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 1,000 shares during the last quarter. Finally, PFG Investments LLC grew its position in Cheniere Energy Partners by 10.1% in the 4th quarter. PFG Investments LLC now owns 20,288 shares of the company's stock worth $1,078,000 after purchasing an additional 1,858 shares during the period. 46.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America raised their target price on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price target for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Finally, Barclays boosted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $53.60.

Cheniere Energy Partners Stock Performance

NYSE:CQP traded down $0.88 during trading hours on Monday, reaching $59.80. The stock had a trading volume of 32,987 shares, compared to its average volume of 165,072. The company has a 50 day moving average price of $61.78 and a two-hundred day moving average price of $58.26. Cheniere Energy Partners has a 52 week low of $46.71 and a 52 week high of $68.42. The stock has a market capitalization of $28.95 billion, a PE ratio of 14.04 and a beta of 0.45.

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

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.48%. Cheniere Energy Partners's dividend payout ratio is 72.77%.

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.