Mirae Asset Global Investments Co. Ltd. acquired a new position in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 276,227 shares of the energy company’s stock, valued at approximately $9,972,000. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Cheniere Energy Partners at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $208,000. LPL Financial LLC increased its position in shares of Cheniere Energy Partners by 4.4% during the fourth quarter. LPL Financial LLC now owns 8,186 shares of the energy company’s stock worth $296,000 after acquiring an additional 345 shares during the period. First Trust Advisors LP increased its position in shares of Cheniere Energy Partners by 103.2% during the fourth quarter. First Trust Advisors LP now owns 161,815 shares of the energy company’s stock worth $5,842,000 after acquiring an additional 82,172 shares during the period. Barings LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $433,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $49,000.
A number of equities analysts have recently issued reports on the stock. Citigroup set a $41.00 price objective on shares of Cheniere Energy Partners and gave the company a “buy” rating in a research note on Thursday, November 29th. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 8th. UBS Group assumed coverage on shares of Cheniere Energy Partners in a research note on Thursday, January 3rd. They set a “neutral” rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $44.00 in a research note on Friday, February 22nd. Finally, Scotiabank assumed coverage on shares of Cheniere Energy Partners in a research note on Friday, February 8th. They set a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its earnings results on Tuesday, February 26th. The energy company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.10.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Wednesday, February 6th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.47%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Tuesday, February 5th.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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