Miller Howard Investments Inc. NY Acquires 1,571 Shares of Cheniere Energy Partners (NYSE:CQP)

Miller Howard Investments Inc. NY lifted its holdings in Cheniere Energy Partners (NYSE:CQP) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,122 shares of the company’s stock after buying an additional 1,571 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Cheniere Energy Partners were worth $5,425,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after purchasing an additional 137,477 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Cheniere Energy Partners by 59.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock worth $5,126,000 after buying an additional 35,954 shares during the last quarter. Fred Alger Management LLC increased its position in Cheniere Energy Partners by 12.7% during the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares in the last quarter. Empowered Funds LLC raised its stake in Cheniere Energy Partners by 9.6% during the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock valued at $1,834,000 after buying an additional 3,012 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Cheniere Energy Partners in the third quarter worth $1,286,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $61.97 on Friday. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47. The firm’s fifty day simple moving average is $57.94. The stock has a market capitalization of $30.00 billion, a PE ratio of 13.39 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be paid a $0.775 dividend. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.00%. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays raised their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Finally, Bank of America began coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target on the stock.

Cheniere Energy Partners Profile

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.