BIP Wealth LLC Makes New $244,000 Investment in Cheniere Energy Partners (NYSE:CQP)

BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners (NYSE:CQP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $244,000.

Separately, Van ECK Associates Corp acquired a new position in Cheniere Energy Partners during the 3rd quarter valued at approximately $416,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America started coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock.

Cheniere Energy Partners Stock Up 0.1 %

Cheniere Energy Partners stock opened at $53.49 on Wednesday. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $62.34. The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 11.55 and a beta of 0.67.

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

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 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.