Clearbridge Investments LLC decreased its position in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,681,046 shares of the energy company’s stock after selling 261,280 shares during the quarter. Clearbridge Investments LLC owned 0.35% of Cheniere Energy Partners worth $49,826,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP grew its position in shares of Cheniere Energy Partners by 7.8% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,160,341 shares of the energy company’s stock worth $34,383,000 after acquiring an additional 84,381 shares in the last quarter. Advisor Group Inc. boosted its position in Cheniere Energy Partners by 53.3% during the 4th quarter. Advisor Group Inc. now owns 13,152 shares of the energy company’s stock valued at $390,000 after purchasing an additional 4,572 shares during the period. Koch Industries Inc. acquired a new position in Cheniere Energy Partners during the 4th quarter valued at approximately $227,000. Fairview Capital Investment Management LLC boosted its position in Cheniere Energy Partners by 1.8% during the 4th quarter. Fairview Capital Investment Management LLC now owns 1,862,458 shares of the energy company’s stock valued at $55,203,000 after purchasing an additional 32,085 shares during the period. Finally, Finepoint Capital LP acquired a new position in Cheniere Energy Partners during the 4th quarter valued at approximately $18,334,000.
In other news, Director Jamie Welch acquired 8,654 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were bought at an average price of $27.50 per share, with a total value of $237,985.00. Following the purchase, the director now owns 8,654 shares of the company’s stock, valued at $237,985. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Group L.P. Blackstone acquired 459,823 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $13,592,367.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 838,701 shares of company stock valued at $24,581,185 in the last quarter.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.37. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.31 billion.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.44. Cheniere Energy Partners’s payout ratio is 206.19%.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Barclays set a $35.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Morgan Stanley boosted their price objective on Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus assumed coverage on Cheniere Energy Partners in a research report on Thursday, January 4th. They set a “hold” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.
TRADEMARK VIOLATION NOTICE: “Clearbridge Investments LLC Decreases Stake in Cheniere Energy Partners LP (CQP)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/14/clearbridge-investments-llc-decreases-stake-in-cheniere-energy-partners-lp-cqp.html.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.