MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 122,956 Shares of Cheniere Energy Partners (NYSE:CQP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cheniere Energy Partners (NYSE:CQP - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,377,887 shares of the company's stock after purchasing an additional 122,956 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.49% of Cheniere Energy Partners worth $126,313,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Cheniere Energy Partners by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 49,638 shares of the company's stock worth $2,637,000 after purchasing an additional 1,272 shares during the period. Ameriprise Financial Inc. purchased a new stake in Cheniere Energy Partners in the 4th quarter worth about $279,000. Mercer Global Advisors Inc. ADV bought a new position in Cheniere Energy Partners during the fourth quarter worth about $340,000. Integrated Wealth Concepts LLC bought a new position in Cheniere Energy Partners during the fourth quarter worth about $201,000. Finally, MGO One Seven LLC bought a new position in Cheniere Energy Partners during the fourth quarter worth about $273,000. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $57.27 on Monday. The firm has a market cap of $27.72 billion, a P/E ratio of 13.44 and a beta of 0.45. The stock has a 50 day simple moving average of $61.00 and a two-hundred day simple moving average of $58.60. 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 issued its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share 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%. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Cheniere Energy Partners's revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently announced 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. This represents a $3.28 annualized dividend and a dividend yield of 5.73%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. The ex-dividend date is Friday, May 9th. Cheniere Energy Partners's payout ratio is presently 72.77%.

Analysts Set New Price Targets

A number of analysts recently commented on CQP shares. 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 research note on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a research note on Monday, April 28th. Bank of America lifted their price target on 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, Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a sell rating, According to MarketBeat.com, Cheniere Energy Partners has a consensus rating of "Reduce" and an average target price 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.

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