Raymond James Financial Inc. Invests $1.37 Million in Cheniere Energy Partners (NYSE:CQP)

Raymond James Financial Inc. bought a new stake in Cheniere Energy Partners (NYSE:CQP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,692 shares of the company's stock, valued at approximately $1,365,000.

A number of other hedge funds have also made changes to their positions in the stock. Valley National Advisers Inc. boosted its stake in shares of Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc grew its position in shares of Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after buying an additional 638 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners during the 4th quarter worth about $212,000. Finally, Davidson Trust Co. acquired a new position in Cheniere Energy Partners during the fourth quarter worth approximately $212,000. Institutional investors and hedge funds own 46.55% of the company's stock.

Analyst Upgrades and Downgrades

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

Cheniere Energy Partners Stock Up 4.1 %

Shares of Cheniere Energy Partners stock traded up $2.32 during trading hours on Friday, hitting $58.52. The company's stock had a trading volume of 71,105 shares, compared to its average volume of 165,626. The company has a market capitalization of $28.33 billion, a PE ratio of 13.74 and a beta of 0.45. Cheniere Energy Partners has a 1-year low of $46.71 and a 1-year high of $68.42. The business has a fifty day moving average of $61.14 and a 200 day moving average of $58.40.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.08 EPS 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%. The company's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. On average, sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, May 9th will be paid a $0.82 dividend. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. The ex-dividend date is Friday, May 9th. This represents a $3.28 annualized dividend and a yield of 5.60%. Cheniere Energy Partners's dividend payout ratio is currently 72.77%.

Cheniere Energy Partners 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.