Wells Fargo & Company MN grew its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP – Free Report) by 49.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 210,905 shares of the company’s stock after purchasing an additional 69,567 shares during the period. Wells Fargo & Company MN’s holdings in Cheniere Energy Partners were worth $10,501,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in shares of Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cheniere Energy Partners by 15.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after purchasing an additional 298,335 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cheniere Energy Partners by 170.2% during the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares during the last quarter. UBS Group AG lifted its holdings in shares of Cheniere Energy Partners by 17.2% during the third quarter. UBS Group AG now owns 244,829 shares of the company’s stock valued at $13,267,000 after purchasing an additional 35,930 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Cheniere Energy Partners by 3.1% during the third quarter. Barclays PLC now owns 151,027 shares of the company’s stock valued at $8,184,000 after purchasing an additional 4,564 shares during the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.
Cheniere Energy Partners Stock Performance
NYSE:CQP opened at $47.79 on Tuesday. Cheniere Energy Partners, L.P. has a 12 month low of $43.64 and a 12 month high of $62.34. The company has a market cap of $23.13 billion, a P/E ratio of 10.32 and a beta of 0.67. The stock has a 50 day moving average of $48.71.
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The firm’s revenue was down 21.3% on a year-over-year basis. As a group, equities analysts predict that Cheniere Energy Partners, L.P. will post 4.57 earnings per share for the current year.
Cheniere Energy Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CQP. Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays decreased their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. Finally, UBS Group decreased their price objective on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.00.
View Our Latest Analysis on Cheniere Energy Partners
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.
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