Fairview Capital Investment Management LLC lowered its stake in Cheniere Energy Partners, LP (ARCA:CQP) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,663,618 shares of the company’s stock after selling 2,550 shares during the period. Cheniere Energy Partners, comprises about 3.6% of Fairview Capital Investment Management LLC’s holdings, making the stock its 7th largest position. Fairview Capital Investment Management LLC owned approximately 0.49% of Cheniere Energy Partners, worth $47,945,000 at the end of the most recent reporting period.
Separately, Raymond James Financial Services Advisors Inc. boosted its position in Cheniere Energy Partners, by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the company’s stock valued at $996,000 after buying an additional 990 shares during the period. Institutional investors own 7.63% of the company’s stock.
Cheniere Energy Partners, LP (ARCA:CQP) traded down 0.16% on Monday, hitting $31.65. The company’s stock had a trading volume of 244,929 shares. The firm has a 50 day moving average of $29.45 and a 200-day moving average of $28.29. Cheniere Energy Partners, LP has a 12 month low of $19.50 and a 12 month high of $32.38. The stock’s market cap is $10.69 billion.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Thursday, February 2nd will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Tuesday, January 31st.
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Several equities analysts have recently weighed in on CQP shares. Zacks Investment Research upgraded Cheniere Energy Partners, from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Monday, January 9th. Wells Fargo & Company started coverage on Cheniere Energy Partners, in a report on Wednesday, February 8th. They set an “outperform” rating on the stock. Finally, Howard Weil cut Cheniere Energy Partners, from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $33.00 to $35.00 in a report on Thursday, December 15th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.22.
About Cheniere Energy Partners,
Cheniere Energy Partners, L.P. is a limited partnership formed by Cheniere Energy, Inc The Company operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast.
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