SG Americas Securities LLC Lowers Stock Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

SG Americas Securities LLC trimmed its position in Cheniere Energy Partners, L.P. (NYSE:CQPFree Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,305 shares of the company’s stock after selling 11,491 shares during the quarter. SG Americas Securities LLC’s holdings in Cheniere Energy Partners were worth $1,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in shares of Cheniere Energy Partners by 3.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 6,242 shares of the company’s stock worth $355,000 after purchasing an additional 218 shares in the last quarter. Mariner LLC grew its holdings in Cheniere Energy Partners by 2.6% during the 4th quarter. Mariner LLC now owns 8,906 shares of the company’s stock valued at $506,000 after buying an additional 223 shares in the last quarter. Cerity Partners LLC grew its holdings in Cheniere Energy Partners by 4.2% during the 4th quarter. Cerity Partners LLC now owns 6,773 shares of the company’s stock valued at $385,000 after buying an additional 273 shares in the last quarter. Captrust Financial Advisors grew its holdings in Cheniere Energy Partners by 0.9% during the 3rd quarter. Captrust Financial Advisors now owns 32,636 shares of the company’s stock valued at $1,741,000 after buying an additional 298 shares in the last quarter. Finally, Powell Investment Advisors LLC grew its holdings in Cheniere Energy Partners by 2.1% during the 3rd quarter. Powell Investment Advisors LLC now owns 15,436 shares of the company’s stock valued at $836,000 after buying an additional 313 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

CQP stock opened at $49.40 on Friday. The firm has a fifty day simple moving average of $49.87. Cheniere Energy Partners, L.P. has a fifty-two week low of $43.42 and a fifty-two week high of $62.34. The stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 7.11 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. As a group, research analysts anticipate that Cheniere Energy Partners, L.P. will post 3.56 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 6.28%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Tuesday, February 6th. Cheniere Energy Partners’s payout ratio is presently 44.60%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.80.

Get Our Latest Report on CQP

About Cheniere Energy Partners

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cheniere Energy Partners (NYSE:CQP)

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