Mirae Asset Global Investments Co. Ltd. boosted its stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,211,677 shares of the company's stock after acquiring an additional 298,335 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.46% of Cheniere Energy Partners worth $110,119,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CQP. Raymond James Financial Services Advisors Inc. raised its position in Cheniere Energy Partners by 132.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,745 shares of the company's stock worth $718,000 after buying an additional 7,262 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Cheniere Energy Partners by 8.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,041 shares of the company's stock valued at $960,000 after purchasing an additional 1,287 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at approximately $267,000. Laurel Wealth Advisors Inc. acquired a new position in Cheniere Energy Partners during the first quarter worth $217,000. Finally, Clearbridge Investments LLC raised its position in Cheniere Energy Partners by 24.1% in the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the company's stock worth $53,527,000 after acquiring an additional 184,500 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $50.25.
Read Our Latest Report on CQP
Cheniere Energy Partners Price Performance
Shares of NYSE CQP traded down $0.88 on Friday, hitting $48.42. The company's stock had a trading volume of 157,691 shares, compared to its average volume of 143,926. The company has a 50 day simple moving average of $49.81. The stock has a market cap of $23.44 billion, a P/E ratio of 6.97 and a beta of 0.68. Cheniere Energy Partners, L.P. has a 12-month low of $43.42 and a 12-month high of $62.34.
Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.25. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. On average, sell-side analysts forecast that Cheniere Energy Partners, L.P. will post 3.56 earnings per share for the current fiscal year.
Cheniere Energy Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were paid a dividend of $0.775 per share. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $3.10 annualized dividend and a dividend yield of 6.40%. Cheniere Energy Partners's dividend payout ratio is presently 44.60%.
Cheniere Energy Partners Company Profile
(
Free Report)
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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