U.S. Capital Wealth Advisors LLC Buys 6,541 Shares of Cheniere Energy Partners (NYSE:CQP)

U.S. Capital Wealth Advisors LLC grew its stake in Cheniere Energy Partners (NYSE:CQP) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,148 shares of the company’s stock after purchasing an additional 6,541 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Cheniere Energy Partners were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CQP. Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter worth approximately $116,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cheniere Energy Partners by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter worth approximately $146,000. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners in the 4th quarter worth approximately $212,000. Finally, BIP Wealth LLC acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter worth approximately $244,000. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CQP. Bank of America began coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock. Wells Fargo & Company upped their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Finally, Barclays upped their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $64.31 on Wednesday. The stock’s fifty day moving average price is $57.62. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $66.47. The firm has a market cap of $31.13 billion, a P/E ratio of 13.89 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be given a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 4.82%. Cheniere Energy Partners’s payout ratio is presently 66.95%.

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.