MADDEN SECURITIES Corp Raises Holdings in Cheniere Energy Partners (NYSE:CQP)

MADDEN SECURITIES Corp raised its position in Cheniere Energy Partners (NYSE:CQP) by 9.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,700 shares of the company’s stock after purchasing an additional 1,500 shares during the period. MADDEN SECURITIES Corp’s holdings in Cheniere Energy Partners were worth $887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CQP. Blankinship & Foster LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $424,000. JPMorgan Chase & Co. grew its stake in Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after acquiring an additional 137,477 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Cheniere Energy Partners by 48.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock valued at $1,070,000 after acquiring an additional 6,541 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Cheniere Energy Partners in the 3rd quarter worth approximately $866,000. Finally, Mediolanum International Funds Ltd boosted its holdings 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 worth $5,126,000 after purchasing an additional 35,954 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

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

Cheniere Energy Partners Trading Up 2.9 %

CQP stock opened at $63.98 on Tuesday. The firm’s 50 day moving average price is $58.05. The stock has a market cap of $30.97 billion, a price-to-earnings ratio of 13.82 and a beta of 0.76. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.775 per share. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.85%. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Cheniere Energy Partners 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.