28,737 Shares in Cheniere Energy Partners, L.P. (NYSE:CQP) Bought by GraniteShares Advisors LLC

GraniteShares Advisors LLC purchased a new position in Cheniere Energy Partners, L.P. (NYSE:CQP) during the fourth quarter, Holdings Channel reports. The firm purchased 28,737 shares of the company’s stock, valued at approximately $1,431,000.

A number of other hedge funds also recently modified their holdings of CQP. Baystate Wealth Management LLC acquired a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $25,000. Cerity Partners LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $923,000. Custom Index Systems LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $1,429,000. International Assets Investment Management LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $7,440,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cheniere Energy Partners by 15.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after buying an additional 298,335 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock traded up $0.30 during trading on Tuesday, hitting $46.45. 211,138 shares of the stock traded hands, compared to its average volume of 189,491. The business has a fifty day simple moving average of $49.59. The company has a market capitalization of $22.48 billion, a PE ratio of 6.68 and a beta of 0.68. Cheniere Energy Partners, L.P. has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. As a group, sell-side analysts expect that Cheniere Energy Partners, L.P. will post 3.56 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 6.67%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, February 6th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 44.60%.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.25.

About Cheniere Energy Partners

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.