Mediolanum International Funds Ltd Purchases 35,954 Shares of Cheniere Energy Partners (NYSE:CQP)

Mediolanum International Funds Ltd raised its position in shares of Cheniere Energy Partners (NYSE:CQP) by 59.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,491 shares of the company’s stock after acquiring an additional 35,954 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Cheniere Energy Partners were worth $5,126,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CQP. JPMorgan Chase & Co. boosted its position in shares of Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after purchasing an additional 137,477 shares in the last quarter. Fred Alger Management LLC lifted its stake in Cheniere Energy Partners by 12.7% in the third 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 during the period. Empowered Funds LLC boosted its holdings in shares of Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after buying an additional 1,043 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $1,286,000. Finally, PFG Investments LLC grew its position in shares of Cheniere Energy Partners by 10.1% during the 4th quarter. PFG Investments LLC now owns 20,288 shares of the company’s stock worth $1,078,000 after buying an additional 1,858 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CQP shares. Barclays boosted their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report 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 target price for the company.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $61.24 on Friday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $63.29. The stock’s 50 day moving average price is $57.24. The firm has a market capitalization of $29.64 billion, a price-to-earnings ratio of 13.23 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.32 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.06%. 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. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

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.