Fractal Investments LLC Sells 94,183 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Fractal Investments LLC cut its position in Cheniere Energy Partners, L.P. (NYSE:CQP) by 33.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,276 shares of the company’s stock after selling 94,183 shares during the quarter. Cheniere Energy Partners makes up approximately 1.9% of Fractal Investments LLC’s investment portfolio, making the stock its 14th largest holding. Fractal Investments LLC’s holdings in Cheniere Energy Partners were worth $9,324,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CQP. Baystate Wealth Management LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter worth about $25,000. Global Retirement Partners LLC grew its stake in shares of Cheniere Energy Partners by 34.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after acquiring an additional 353 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $115,000. Davidson Trust Co. purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $217,000. Finally, Charles Schwab Trust Co purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $217,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock traded up $0.27 during mid-day trading on Wednesday, hitting $48.24. The company had a trading volume of 209,238 shares, compared to its average volume of 193,948. Cheniere Energy Partners, L.P. has a 12-month low of $43.42 and a 12-month high of $62.34. The firm’s fifty day moving average is $49.44. The stock has a market cap of $23.35 billion, a P/E ratio of 6.87 and a beta of 0.68.

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

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 6.43%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, February 6th. Cheniere Energy Partners’s dividend payout ratio is presently 44.60%.

Wall Street Analysts Forecast Growth

CQP has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays dropped their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research report on Thursday, April 18th. Finally, UBS Group dropped their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus target price of $47.80.

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.