Clearbridge Investments LLC Has $32.72 Million Position in Cheniere Energy Partners, L.P. $CQP

Clearbridge Investments LLC boosted its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 611,873 shares of the company’s stock after buying an additional 118,782 shares during the period. Clearbridge Investments LLC owned approximately 0.13% of Cheniere Energy Partners worth $32,723,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CQP. Larson Financial Group LLC lifted its holdings in Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after buying an additional 306 shares during the period. Caldwell Trust Co acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $29,000. CENTRAL TRUST Co lifted its holdings in Cheniere Energy Partners by 203.1% in the third quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock valued at $100,000 after buying an additional 1,249 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Cheniere Energy Partners by 139.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,981 shares of the company’s stock valued at $106,000 after buying an additional 1,154 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Trading Up 1.2%

Shares of NYSE:CQP opened at $65.32 on Wednesday. Cheniere Energy Partners, L.P. has a 12 month low of $49.53 and a 12 month high of $70.64. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69. The company’s fifty day simple moving average is $63.41 and its 200 day simple moving average is $59.66. The firm has a market cap of $31.62 billion, a price-to-earnings ratio of 15.26 and a beta of 0.32.

Cheniere Energy Partners (NYSE:CQP) last issued 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 negative return on equity of 4,929.80% and a net margin of 22.27%.The company had revenue of $3.60 billion for the quarter. During the same quarter last year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy Partners, L.P. will post 4.13 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed 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. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 72.43%.

Wall Street Analyst Weigh In

CQP has been the topic of several analyst reports. Citigroup increased their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Zacks Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Friday, March 27th. Wells Fargo & Company cut their target price on shares of 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, Weiss Ratings lowered shares of Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Four analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Strong Sell” and a consensus target price of $60.43.

Cheniere Energy Partners Profile

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.