Cerity Partners LLC Purchases Shares of 18,536 Cheniere Energy Partners, L.P. (NYSE:CQP)

Cerity Partners LLC purchased a new stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,536 shares of the company's stock, valued at approximately $923,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its stake in shares of Cheniere Energy Partners by 13.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company's stock worth $376,776,000 after buying an additional 802,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cheniere Energy Partners by 15.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company's stock worth $110,119,000 after buying an additional 298,335 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cheniere Energy Partners by 170.2% during the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company's stock worth $21,232,000 after buying an additional 246,808 shares during the last quarter. UBS Group AG lifted its stake in shares of Cheniere Energy Partners by 17.2% during the 3rd quarter. UBS Group AG now owns 244,829 shares of the company's stock worth $13,267,000 after buying an additional 35,930 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Cheniere Energy Partners by 3.1% during the 3rd quarter. Barclays PLC now owns 151,027 shares of the company's stock worth $8,184,000 after buying an additional 4,564 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays cut their target price on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.20.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock traded down $0.80 during midday trading on Tuesday, hitting $47.86. The company's stock had a trading volume of 185,893 shares, compared to its average volume of 193,748. Cheniere Energy Partners, L.P. has a 1-year low of $43.42 and a 1-year high of $62.34. The company has a market capitalization of $23.17 billion, a P/E ratio of 6.91 and a beta of 0.68. The company has a 50-day simple moving average of $49.50.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. As a group, equities research 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 announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a $0.775 dividend. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend was Tuesday, February 6th. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 44.60%.

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.