GraniteShares Advisors LLC Purchases Shares of 28,737 Cheniere Energy Partners, L.P. (NYSE:CQP)

GraniteShares Advisors LLC purchased a new stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,737 shares of the company’s stock, valued at approximately $1,431,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baystate Wealth Management LLC purchased a new stake in shares of Cheniere Energy Partners in the 4th quarter worth approximately $25,000. Evermay Wealth Management LLC purchased a new stake in shares of Cheniere Energy Partners in the 1st quarter worth approximately $25,000. State of Wyoming grew its stake in shares of Cheniere Energy Partners by 90.6% in the 4th quarter. State of Wyoming now owns 974 shares of the company’s stock worth $55,000 after buying an additional 463 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cheniere Energy Partners by 54.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,056 shares of the company’s stock worth $56,000 after buying an additional 371 shares during the last quarter. Finally, Samalin Investment Counsel LLC bought a new position in Cheniere Energy Partners in the 1st quarter valued at approximately $59,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 0.7 %

CQP stock traded up $0.30 during trading on Tuesday, reaching $46.45. The company’s stock had a trading volume of 211,138 shares, compared to its average volume of 189,491. Cheniere Energy Partners, L.P. has a 1 year low of $43.42 and a 1 year high of $62.34. The firm has a market cap of $22.48 billion, a P/E ratio of 6.68 and a beta of 0.68. The company has a fifty day moving average price of $49.59.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. On average, equities analysts forecast that Cheniere Energy Partners, L.P. will post 3.56 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a $0.775 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $3.10 annualized dividend and a yield of 6.67%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 44.60%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.25.

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.