Avantax Advisory Services Inc. Has $395,000 Holdings in Cheniere Energy Partners (NYSE:CQP)

Avantax Advisory Services Inc. boosted its holdings in Cheniere Energy Partners (NYSE:CQP) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,438 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Cheniere Energy Partners were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CQP. Valley National Advisers Inc. increased its position in shares of Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after purchasing an additional 310 shares during the period. IFP Advisors Inc increased its holdings in Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after buying an additional 638 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $116,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cheniere Energy Partners by 64.5% during the 4th 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 during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their target price for the stock from $50.00 to $51.00 in a research note on Friday, February 21st. Barclays raised their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company boosted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Trading Up 0.9 %

NYSE:CQP opened at $62.47 on Tuesday. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $68.30. The stock’s 50 day simple moving average is $62.75. The firm has a market cap of $30.24 billion, a P/E ratio of 14.66 and a beta of 0.70.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.96%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.77%.

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.