Cheniere Energy Partners (NYSE:CQP) Shares Acquired by Powell Investment Advisors LLC

Powell Investment Advisors LLC raised its position in shares of Cheniere Energy Partners (NYSE:CQP) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,820 shares of the company’s stock after buying an additional 258 shares during the quarter. Powell Investment Advisors LLC’s holdings in Cheniere Energy Partners were worth $893,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. grew its stake in Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after buying an additional 310 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $116,000. Geneos Wealth Management Inc. increased its position in Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares during the last quarter. Larson Financial Group LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at approximately $146,000. Finally, Charles Schwab Trust Co bought a new position in Cheniere Energy Partners in the 4th quarter worth $212,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

CQP stock opened at $61.97 on Monday. The company’s fifty day simple moving average is $57.94. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $66.47. The firm has a market cap 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 announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.00%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America initiated coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company. Wells Fargo & Company lifted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Finally, Barclays boosted their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Company 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.