BNP Paribas Financial Markets Sells 19,708 Shares of Cheniere Energy Partners (NYSE:CQP)

BNP Paribas Financial Markets lowered its holdings in Cheniere Energy Partners (NYSE:CQP) by 49.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,825 shares of the company’s stock after selling 19,708 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cheniere Energy Partners were worth $966,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $146,000. BIP Wealth LLC bought a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $244,000. Van ECK Associates Corp bought a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $416,000. Finally, Empowered Funds LLC raised its stake in shares of Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective for the company.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $56.61 on Wednesday. The company has a market cap of $27.40 billion, a P/E ratio of 12.23 and a beta of 0.73. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $59.40.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Research analysts forecast that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

About Cheniere Energy Partners

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.