Charles Schwab Trust Co Invests $212,000 in Cheniere Energy Partners (NYSE:CQP)

Charles Schwab Trust Co bought a new stake in Cheniere Energy Partners (NYSE:CQP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also recently added to or reduced their stakes in CQP. Van ECK Associates Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter valued at about $416,000. Empowered Funds LLC grew its holdings in Cheniere Energy Partners by 3.4% in the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after purchasing an additional 1,043 shares during the period. BIP Wealth LLC acquired a new position in Cheniere Energy Partners during the third quarter worth approximately $244,000. Larson Financial Group LLC purchased a new position in Cheniere Energy Partners during the third quarter worth approximately $146,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $866,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Trading Up 0.3 %

Shares of Cheniere Energy Partners stock opened at $62.09 on Tuesday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.50. The stock has a market cap of $30.05 billion, a PE ratio of 13.41 and a beta of 0.75. The business’s fifty day simple moving average is $55.71.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts predict that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.23%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Analyst Ratings Changes

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

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.