Rockefeller Capital Management L.P. Invests $866,000 in Cheniere Energy Partners (NYSE:CQP)

Rockefeller Capital Management L.P. acquired a new stake in Cheniere Energy Partners (NYSE:CQP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,768 shares of the company’s stock, valued at approximately $866,000.

Several other large investors have also bought and sold shares of CQP. Van ECK Associates Corp bought a new stake in Cheniere Energy Partners in the third quarter worth about $416,000. Empowered Funds LLC raised its holdings in shares of Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,043 shares in the last quarter. BIP Wealth LLC acquired a new stake in Cheniere Energy Partners during the third quarter valued at approximately $244,000. Finally, Larson Financial Group LLC bought a new stake in Cheniere Energy Partners during the third quarter worth approximately $146,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $57.94 on Monday. The firm has a market capitalization of $28.05 billion, a P/E ratio of 12.51 and a beta of 0.73. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $59.99.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08). The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. Research analysts expect that Cheniere Energy Partners will post 4.29 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.24%. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Wall Street Analyst Weigh In

Separately, Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target on the stock.

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.