Sigma Planning Corp Raises Stock Position in Cheniere Energy Partners (NYSE:CQP)

Sigma Planning Corp increased its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,161 shares of the company’s stock after purchasing an additional 243 shares during the period. Sigma Planning Corp’s holdings in Cheniere Energy Partners were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Cheniere Energy Partners by 21.9% during 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. Miller Howard Investments Inc. NY grew its position in Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock valued at $5,425,000 after buying an additional 1,571 shares during the period. Mediolanum International Funds Ltd grew its position in Cheniere Energy Partners by 59.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after buying an additional 35,954 shares during the period. Fred Alger Management LLC grew its position in Cheniere Energy Partners by 12.7% during the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the period. Finally, Empowered Funds LLC grew its position in Cheniere Energy Partners by 9.6% during the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock valued at $1,834,000 after buying an additional 3,012 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CQP. Wells Fargo & Company raised their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and raised their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th.

Cheniere Energy Partners Trading Up 2.2 %

Shares of NYSE CQP opened at $67.62 on Friday. The firm has a 50-day moving average of $59.68. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $67.94. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 15.87 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Equities analysts expect that Cheniere Energy Partners will post 4.14 EPS 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 given a $0.775 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 4.58%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.77%.

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.