Northwestern Mutual Wealth Management Co. Buys 252,197 Shares of Cheniere Energy Partners, L.P. $CQP

Northwestern Mutual Wealth Management Co. raised its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 52,982.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 252,673 shares of the company’s stock after purchasing an additional 252,197 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cheniere Energy Partners were worth $13,513,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in Cheniere Energy Partners during the third quarter valued at about $7,357,000. Hussman Strategic Advisors Inc. bought a new position in shares of Cheniere Energy Partners in the third quarter worth about $1,130,000. Alps Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 2.3% in the third quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock worth $484,487,000 after acquiring an additional 206,306 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Cheniere Energy Partners by 103.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 76,218 shares of the company’s stock worth $4,076,000 after acquiring an additional 38,784 shares during the period. Finally, Founders Capital Management boosted its stake in shares of Cheniere Energy Partners by 87.2% in the third quarter. Founders Capital Management now owns 41,737 shares of the company’s stock worth $2,246,000 after acquiring an additional 19,446 shares during the period. Institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CQP shares. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Barclays upped their price objective on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Friday, February 27th. Bank of America upped their price objective on Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research note on Friday, March 20th. Morgan Stanley upped their price objective on Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, March 23rd. Finally, Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cheniere Energy Partners presently has a consensus rating of “Reduce” and a consensus price target of $60.43.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $64.53 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of 15.08 and a beta of 0.36. Cheniere Energy Partners, L.P. has a twelve month low of $49.53 and a twelve month high of $70.64. The business has a 50-day moving average price of $64.22 and a 200-day moving average price of $58.62.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm had revenue of $3.60 billion for the quarter. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy Partners, L.P. will post 4.17 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 dividend on an annualized basis and a yield of 4.8%. Cheniere Energy Partners’s dividend payout ratio is presently 72.43%.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.