135,703 Shares in Cheniere Energy Partners, L.P. $CQP Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC purchased a new stake in Cheniere Energy Partners, L.P. (NYSE:CQP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 135,703 shares of the company’s stock, valued at approximately $7,304,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. raised its holdings in Cheniere Energy Partners by 2.3% during the third quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock worth $484,487,000 after buying an additional 206,306 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Cheniere Energy Partners during the third quarter valued at about $7,357,000. HRT Financial LP grew its holdings in shares of Cheniere Energy Partners by 1,689.3% during the second quarter. HRT Financial LP now owns 88,139 shares of the company’s stock valued at $4,940,000 after buying an additional 83,213 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cheniere Energy Partners by 2.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock worth $149,885,000 after acquiring an additional 68,599 shares in the last quarter. Finally, Energy Income Partners LLC raised its holdings in shares of Cheniere Energy Partners by 4.3% in the 2nd quarter. Energy Income Partners LLC now owns 1,016,265 shares of the company’s stock worth $56,962,000 after acquiring an additional 41,707 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $67.65 on Friday. Cheniere Energy Partners, L.P. has a 52-week low of $49.53 and a 52-week high of $69.49. The company has a fifty day moving average of $59.41 and a 200-day moving average of $55.36. The company has a market capitalization of $32.74 billion, a P/E ratio of 13.08 and a beta of 0.40. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The firm had revenue of $2.91 billion during the quarter. During the same period last year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were given a $0.775 dividend. The ex-dividend date was Monday, February 9th. This represents a $3.10 dividend on an annualized basis and a yield of 4.6%. Cheniere Energy Partners’s payout ratio is presently 59.96%.

Analysts Set New Price Targets

CQP has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Morgan Stanley decreased their price objective on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wells Fargo & Company dropped their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Barclays lifted their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Cheniere Energy Partners presently has an average rating of “Reduce” and a consensus target price of $56.43.

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.