Virtu Financial LLC Purchases New Position in Cheniere Energy Partners (NYSE:CQP)

Virtu Financial LLC acquired a new stake in shares of Cheniere Energy Partners (NYSE:CQP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,844 shares of the company’s stock, valued at approximately $470,000.

Other large investors have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC acquired a new position in shares of Cheniere Energy Partners in the 4th quarter valued at $212,000. Commonwealth Equity Services LLC lifted its holdings in Cheniere Energy Partners by 1.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company’s stock worth $1,106,000 after acquiring an additional 200 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Cheniere Energy Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company’s stock valued at $395,000 after acquiring an additional 162 shares during the period. HighTower Advisors LLC raised its position in shares of Cheniere Energy Partners by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 14,151 shares of the company’s stock worth $752,000 after purchasing an additional 333 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cheniere Energy Partners during the fourth quarter worth about $1,365,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $62.95 on Wednesday. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $68.30. The company has a 50 day moving average price of $62.83. The company has a market cap of $30.47 billion, a PE ratio of 14.78 and a beta of 0.70.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Sell-side analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.92%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is currently 72.77%.

Wall Street Analyst Weigh In

CQP has been the subject of a number of research reports. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their target price for the stock from $50.00 to $51.00 in a research note on Friday, February 21st.

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.