Tortoise Capital Advisors L.L.C. Sells 4,717 Shares of Cheniere Energy Partners (NYSE:CQP)

Tortoise Capital Advisors L.L.C. trimmed its stake in Cheniere Energy Partners (NYSE:CQP - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 666,833 shares of the company's stock after selling 4,717 shares during the quarter. Cheniere Energy Partners makes up about 0.5% of Tortoise Capital Advisors L.L.C.'s portfolio, making the stock its 24th biggest holding. Tortoise Capital Advisors L.L.C. owned 0.14% of Cheniere Energy Partners worth $35,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Cheniere Energy Partners by 5.3% in the fourth quarter. First Trust Advisors LP now owns 81,120 shares of the company's stock valued at $4,309,000 after buying an additional 4,094 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Cheniere Energy Partners by 17.3% in the 4th quarter. NewEdge Advisors LLC now owns 9,417 shares of the company's stock valued at $500,000 after purchasing an additional 1,388 shares during the period. XTX Topco Ltd acquired a new stake in Cheniere Energy Partners in the 4th quarter valued at about $775,000. Mariner LLC grew its holdings in Cheniere Energy Partners by 62.7% during the fourth quarter. Mariner LLC now owns 32,997 shares of the company's stock worth $1,753,000 after purchasing an additional 12,711 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Cheniere Energy Partners during the fourth quarter worth approximately $1,365,000. Institutional investors and hedge funds own 46.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CQP shares. Stifel Nicolaus downgraded Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their target price for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. Barclays upped their price objective 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.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock traded up $0.06 during midday trading on Friday, hitting $59.27. The company's stock had a trading volume of 90,081 shares, compared to its average volume of 166,448. The company has a market capitalization of $28.69 billion, a P/E ratio of 13.91 and a beta of 0.57. Cheniere Energy Partners has a 1-year low of $46.71 and a 1-year high of $68.42. The company has a 50-day simple moving average of $62.15.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. As a group, equities research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were issued a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners's dividend payout ratio is 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.