4,000 Shares in Cheniere Energy Partners (NYSE:CQP) Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC purchased a new position in Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,000 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also made changes to their positions in CQP. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 137,477 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in Cheniere Energy Partners by 1.6% during the 4th quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock valued at $5,425,000 after acquiring an additional 1,571 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in Cheniere Energy Partners by 59.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after acquiring an additional 35,954 shares in the last quarter. Fred Alger Management LLC raised its stake in Cheniere Energy Partners by 12.7% during the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after acquiring an additional 5,969 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Cheniere Energy Partners by 9.6% during the 4th quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock valued at $1,834,000 after acquiring an additional 3,012 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 2.0 %

Shares of CQP stock opened at $64.66 on Tuesday. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $68.30. The firm has a market cap of $31.30 billion, a PE ratio of 15.18 and a beta of 0.70. The firm’s fifty day moving average price is $61.89.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. As a group, sell-side analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a $0.775 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is presently 72.77%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays lifted their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th.

Cheniere Energy Partners Company 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.