International Assets Investment Management LLC Takes $7.44 Million Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

International Assets Investment Management 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 Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,937 shares of the company's stock, valued at approximately $7,440,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates raised its holdings in Cheniere Energy Partners by 25.8% during the 3rd quarter. Raymond James & Associates now owns 22,523 shares of the company's stock worth $1,220,000 after purchasing an additional 4,616 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Cheniere Energy Partners by 14.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,127 shares of the company's stock worth $278,000 after buying an additional 655 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cheniere Energy Partners by 26.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company's stock valued at $103,684,000 after buying an additional 401,548 shares during the period. Wallington Asset Management LLC bought a new position in Cheniere Energy Partners in the third quarter valued at approximately $226,000. Finally, NBC Securities Inc. acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth $115,000. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Trading Up 0.6 %

Shares of CQP traded up $0.32 during trading hours on Tuesday, reaching $51.12. The stock had a trading volume of 259,437 shares, compared to its average volume of 191,013. The company's 50-day moving average is $48.79. The company has a market cap of $24.74 billion, a P/E ratio of 11.04 and a beta of 0.68. Cheniere Energy Partners, L.P. has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.21. Cheniere Energy Partners had a negative return on equity of 266.80% and a net margin of 33.19%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $3.50 earnings per share. Cheniere Energy Partners's revenue was down 21.3% compared to the same quarter last year. Equities analysts forecast that Cheniere Energy Partners, L.P. will post 3.69 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th will be paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date is Wednesday, May 8th. Cheniere Energy Partners's payout ratio is currently 66.95%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CQP shares. Stifel Nicolaus raised Cheniere Energy Partners from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. UBS Group cut their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 24th. Finally, Barclays decreased their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating for the company in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $47.80.

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.