MorganRosel Wealth Management LLC Takes Position in Cheniere Energy Partners (NYSE:CQP)

MorganRosel Wealth Management LLC acquired a new position in shares of Cheniere Energy Partners (NYSE:CQP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $876,000.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. grew its holdings in shares of Cheniere Energy Partners by 30.1% during the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after purchasing an additional 310 shares during the last quarter. IFP Advisors Inc lifted its stake in Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after buying an additional 638 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners in the 3rd quarter worth about $116,000. Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $146,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock opened at $64.06 on Tuesday. The firm has a market capitalization of $31.01 billion, a PE ratio of 15.04 and a beta of 0.76. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The business has a fifty day moving average price of $58.96.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. On average, equities research analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is presently 72.77%.

Wall Street Analysts Forecast Growth

CQP has been the subject of a number of analyst reports. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and boosted their price target for the stock from $50.00 to $51.00 in a research report on Friday. Wells Fargo & Company raised their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their target price 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.

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.