Stratos Wealth Partners LTD. Grows Stake in Cheniere Energy Partners (NYSE:CQP)

Stratos Wealth Partners LTD. increased its stake in Cheniere Energy Partners (NYSE:CQP) by 33.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,974 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy Partners were worth $317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blankinship & Foster LLC purchased a new position in Cheniere Energy Partners in the third quarter worth about $424,000. JPMorgan Chase & Co. lifted its stake in Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after purchasing an additional 137,477 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Cheniere Energy Partners by 48.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock worth $1,070,000 after purchasing an additional 6,541 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Cheniere Energy Partners in the third quarter worth about $866,000. Finally, Mediolanum International Funds Ltd lifted its stake in Cheniere Energy Partners by 59.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock worth $5,126,000 after purchasing an additional 35,954 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CQP. Wells Fargo & Company raised their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Barclays raised their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Bank of America began coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective for the company.

Cheniere Energy Partners Stock Down 2.0 %

Cheniere Energy Partners stock opened at $61.00 on Thursday. The company’s 50 day moving average is $58.19. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $66.47. The company has a market capitalization of $29.53 billion, a P/E ratio of 13.17 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be paid a $0.775 dividend. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a yield of 5.08%. Cheniere Energy Partners’s payout ratio is 66.95%.

About Cheniere Energy Partners

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.