Raymond James & Associates Decreases Stake in Cheniere Energy Partners, L.P. (NYSE:CQP)

Raymond James & Associates lessened its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,571 shares of the company’s stock after selling 952 shares during the quarter. Raymond James & Associates’ holdings in Cheniere Energy Partners were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CQP. Alps Advisors Inc. boosted its position in Cheniere Energy Partners by 13.1% in the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cheniere Energy Partners by 26.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock worth $103,684,000 after buying an additional 401,548 shares during the last quarter. Clearbridge Investments LLC grew its position in Cheniere Energy Partners by 24.1% during the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the company’s stock valued at $53,527,000 after buying an additional 184,500 shares during the period. UBS Group AG increased its holdings in Cheniere Energy Partners by 5.1% during the first quarter. UBS Group AG now owns 443,849 shares of the company’s stock worth $25,015,000 after buying an additional 21,647 shares during the last quarter. Finally, Invesco Ltd. raised its position in Cheniere Energy Partners by 170.2% in the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock worth $21,232,000 after acquiring an additional 246,808 shares during the period. 46.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays reduced their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.20.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $49.33 on Monday. The stock has a market capitalization of $23.88 billion, a P/E ratio of 7.10 and a beta of 0.68. The firm’s 50-day simple moving average is $49.51. Cheniere Energy Partners, L.P. has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. As a group, equities research analysts expect that Cheniere Energy Partners, L.P. will post 3.56 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a $0.775 dividend. The ex-dividend date was Tuesday, February 6th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a dividend yield of 6.28%. Cheniere Energy Partners’s payout ratio is 44.60%.

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.