2,374 Shares in Cheniere Energy Partners (NYSE:CQP) Bought by Millburn Ridgefield Corp

Millburn Ridgefield Corp purchased a new stake in Cheniere Energy Partners (NYSE:CQP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,374 shares of the company’s stock, valued at approximately $116,000.

Other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC raised its position in Cheniere Energy Partners by 12.7% in the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $866,000. Larson Financial Group LLC acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at about $146,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners during the third quarter worth about $244,000. Finally, Empowered Funds LLC increased its position in Cheniere Energy Partners by 3.4% during the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after buying an additional 1,043 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $58.91 on Wednesday. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 12.72 and a beta of 0.73. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $61.46.

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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a yield of 0.24%. Cheniere Energy Partners’s payout ratio is 66.95%.

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.