M&T Bank Corp Acquires Shares of 12,050 Cheniere Energy Partners (NYSE:CQP)

M&T Bank Corp bought a new position in Cheniere Energy Partners (NYSE:CQP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,050 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CQP. Millburn Ridgefield Corp purchased a new position in Cheniere Energy Partners in the 3rd quarter worth approximately $116,000. Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth $146,000. BIP Wealth LLC purchased a new position in shares of Cheniere Energy Partners in the third quarter worth $244,000. Van ECK Associates Corp bought a new position in shares of Cheniere Energy Partners during the third quarter valued at $416,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Cheniere Energy Partners during the third quarter valued at $866,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Down 1.5 %

Shares of Cheniere Energy Partners stock opened at $54.56 on Wednesday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $59.40. The firm’s 50 day moving average is $53.00. The company has a market capitalization of $26.41 billion, a P/E ratio of 11.78 and a beta of 0.73.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results 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). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company earned $0.84 earnings per share. Cheniere Energy Partners’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a dividend of $0.035 per share. The ex-dividend date was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Analyst Upgrades and Downgrades

Separately, Bank of America started coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective for the company.

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.