4,000 Shares in Cheniere Energy Partners (NYSE:CQP) Bought by Davidson Trust Co.

Davidson Trust Co. purchased a new stake in Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. boosted its stake in shares of Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after buying an additional 310 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners in the third quarter valued at approximately $116,000. Geneos Wealth Management Inc. lifted its holdings in Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners in the 3rd quarter worth approximately $146,000. Finally, Charles Schwab Trust Co acquired a new stake in shares of Cheniere Energy Partners during the 4th quarter worth approximately $212,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CQP. Barclays increased their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Wells Fargo & Company increased 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 note on Wednesday, December 18th.

Cheniere Energy Partners Stock Down 1.1 %

Shares of NYSE:CQP opened at $61.62 on Tuesday. The stock has a market cap of $29.83 billion, a price-to-earnings ratio of 13.31 and a beta of 0.76. The company’s 50 day simple moving average is $58.41. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a dividend of $0.775 per share. The ex-dividend date was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.03%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s 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.