Fractal Investments LLC Decreases Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

Fractal Investments LLC decreased its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,276 shares of the company’s stock after selling 94,183 shares during the period. Cheniere Energy Partners makes up 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Baystate Wealth Management LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its position in shares of Cheniere Energy Partners by 34.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after purchasing an additional 353 shares during the period. NBC Securities Inc. bought a new position in shares of Cheniere Energy Partners during the third quarter worth $115,000. Davidson Trust Co. bought a new position in shares of Cheniere Energy Partners during the third quarter worth $217,000. Finally, Charles Schwab Trust Co bought a new position in Cheniere Energy Partners during the third quarter valued at $217,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

CQP traded up $0.27 during trading on Wednesday, reaching $48.24. 209,238 shares of the company’s stock were exchanged, compared to its average volume of 193,948. Cheniere Energy Partners, L.P. has a 1 year low of $43.42 and a 1 year high of $62.34. The stock has a market capitalization of $23.35 billion, a PE ratio of 6.87 and a beta of 0.68. The stock has a fifty day moving average of $49.44.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.25. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. As a group, analysts predict that Cheniere Energy Partners, L.P. will post 3.56 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CQP. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays cut their target price on shares of 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 lowered their price target on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.80.

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.