Clearbridge Investments LLC Acquires 118,782 Shares of Cheniere Energy Partners, L.P. $CQP

Clearbridge Investments LLC boosted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 24.1% in the fourth quarter, Holdings Channel reports. The firm owned 611,873 shares of the company’s stock after purchasing an additional 118,782 shares during the quarter. Clearbridge Investments LLC’s holdings in Cheniere Energy Partners were worth $32,723,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cheniere Energy Partners by 2.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock valued at $149,885,000 after purchasing an additional 68,599 shares in the last quarter. Energy Income Partners LLC grew its position in Cheniere Energy Partners by 3.0% in the third quarter. Energy Income Partners LLC now owns 1,046,437 shares of the company’s stock valued at $56,319,000 after purchasing an additional 30,172 shares in the last quarter. UBS Group AG grew its position in Cheniere Energy Partners by 5.2% in the fourth quarter. UBS Group AG now owns 594,594 shares of the company’s stock valued at $31,799,000 after purchasing an additional 29,517 shares in the last quarter. Bank of America Corp DE grew its position in Cheniere Energy Partners by 1.2% in the second quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock valued at $17,920,000 after purchasing an additional 3,659 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Cheniere Energy Partners by 52,982.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock valued at $13,513,000 after purchasing an additional 252,197 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CQP shares. Citigroup raised their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Barclays lifted their price objective on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Bank of America lifted their price objective on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research report on Friday, March 20th. Four research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $60.43.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $65.32 on Wednesday. The firm has a 50-day moving average of $63.41 and a 200-day moving average of $59.66. Cheniere Energy Partners, L.P. has a one year low of $49.53 and a one year high of $70.64. The company has a market cap of $31.62 billion, a PE ratio of 15.26 and a beta of 0.32. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm had revenue of $3.60 billion during the quarter. During the same period in the previous year, the business posted $1.08 earnings per share. Cheniere Energy Partners’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy Partners, L.P. will post 4.13 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 4.7%. Cheniere Energy Partners’s payout ratio is presently 72.43%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.