Corps Capital Advisors LLC Makes New $499,000 Investment in Cheniere Energy Partners (NYSE:CQP)

Corps Capital Advisors LLC bought a new position in shares of Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,400 shares of the company’s stock, valued at approximately $499,000.

Several other large investors also recently bought and sold shares of CQP. JPMorgan Chase & Co. grew its position in Cheniere Energy Partners by 21.9% during the 3rd 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 last quarter. Mediolanum International Funds Ltd grew its position in Cheniere Energy Partners by 59.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock worth $5,126,000 after purchasing an additional 35,954 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $1,286,000. Rockefeller Capital Management L.P. purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $866,000. Finally, M&T Bank Corp purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $587,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CQP shares. Wells Fargo & Company boosted their target price 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. Barclays upped their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $61.33 on Thursday. The business’s fifty day moving average price is $58.61. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47. The stock has a market capitalization of $29.69 billion, a P/E ratio of 13.25 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a yield of 5.05%. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

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.