Cheniere Energy Partners (NYSE:CQP) Stock Price Up 4.6% – What’s Next?

Cheniere Energy Partners (NYSE:CQP) rose 4.6% during mid-day trading on Monday . The stock traded as high as $64.39 and last traded at $64.18. Approximately 141,109 shares were traded during trading, a decline of 43% from the average daily volume of 248,899 shares. The stock had previously closed at $61.36.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CQP. Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Bank of America assumed coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Stock Up 0.7 %

The firm has a market cap of $31.32 billion, a price-to-earnings ratio of 13.97 and a beta of 0.76. The company has a fifty day moving average of $57.77.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after purchasing an additional 137,477 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in shares of 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. Kovitz Investment Group Partners LLC acquired a new position in Cheniere Energy Partners in the third quarter worth about $1,286,000. Rockefeller Capital Management L.P. acquired a new stake in Cheniere Energy Partners during the third quarter valued at approximately $866,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in Cheniere Energy Partners during the fourth quarter valued at approximately $876,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.