BIP Wealth LLC Acquires New Stake in Cheniere Energy Partners (NYSE:CQP)

BIP Wealth LLC bought a new position in Cheniere Energy Partners (NYSE:CQP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $244,000.

Separately, Empowered Funds LLC raised its stake in shares of Cheniere Energy Partners by 3.4% in the 3rd 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 in the last quarter. 46.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America began coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 target price for the company.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $53.49 on Wednesday. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $62.34. The company has a market capitalization of $25.89 billion, a PE ratio of 11.55 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. As a group, research analysts forecast that Cheniere Energy Partners will post 4.24 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, November 4th. 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.